Reminder

Business meals deduction. The temporary 100% deduction for food or beverages provided by a restaurant has expired. The business meal deduction reverts back to the previous 50% allowable deduction beginning January 1, 2023.

Topics This chapter discusses:

• Deductible expenses

• Capital expenses

• Nondeductible expenses

• Losses from operating a farm

• Not-for-profit farming

Useful Items You may want to see:

Publication

See How To Get Tax Help for information about getting publications and forms.