Helicopter View of 2023 Meals and Entertainment Deduction
There have been some major changes to the business meal deduction for 2023 and beyond.
As you may already know, there have been some major changes to the business meal deduction for 2023 and beyond. The deduction for business meals has been reduced to 50 percent, a significant change from the previous 100 percent deduction for business meals in and from restaurants applicable only for the years of 2021 and 2022.
To help you better understand the current situation for 2023 and beyond, see the table below:
