7 Tax Benefits That Come With Personal-Business Trips


BANGALORE: It is always essential for business travelers to get thoroughly acquainted with travel expenses, various travel deductions and basic questions, especially when you've embarked on a trip that involves both personal and business activities. 

If you plan things right, you can mix business and pleasure during your trip and still get a tax deduction. So here are 10 guidelines you must follow when you are planning your next business trip as compiled by the Bankrate.

(1) Ordinary, Necessary Expenses

The very first thing to be kept in mind is,” What is considered as necessary and ordinary?’ According to IRS, U.S. government agency responsible for tax collection and tax law enforcement, an ordinary expense is the one that is common and acceptable to your business, on the other hand necessary is one that is needful and apt for your trade.

Under these general expenses, the travel expenses can be deducted for hotels, meals, entertainment and round-trip travel to meet with your clients.

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