Accounting and Tax Services
Jan 23

Deductibility of Meals and Entertainment Expenses After New Tax Law

2017 Expenses (Old Rules)
2018 Expenses (New Rules)
Office Holiday Parties100% deductible100% deductible
Entertaining Clients50% deductibleNo deduction for entertainment expenses
Event tickets, 50% deductible for face value of ticket; anything above face value is non-deductible
Tickets to qualified charitable events are 100% deductible
Business Meals e.g. Employee Travel Meals50% deductible50% deductible
Meals Provided for Convenience
Of Employer
100% deductible provided they are excludible from employees’ gross income as de minimis fringe benefits; otherwise, 50% deductible50% deductible
(nondeductible after 2025)
About Reed Tinsley, CPA

As a top advisor to physicians, I help increase practice profits by delivering hands-on, expert medical accounting/tax support, practice counsel, and revenue-building strategies. Read more →