7 Tax Benefits That Come With Personal-Business Trips


(2) Getting There

Traveling to a business meeting is obviously work-related and since you had to travel the distance regarding your company’s work, you are allowed to deduct the cost of your transportation as a business expense when you filing your company's taxes. This condition applies to both auto travel as well as airfare.

The cost-deduction also includes travel by bus, train or auto, either you’re taking your own car or you are renting one. In the process, just don't try to slip in the price of airfare, this may create problem for you.

(3) Timing is everything

A business trip is assigned to do purely business, just make sure that you don't extend your personal stay too long. If you want to deduct your transportation costs, your trip must be primarily for business. You do get to count your travel days as business, but carefully calculate the overall work-to-pleasure ratio.

If you spend 3 days in meeting with clients, but booked the travel with 5 extra days for sightseeing, the remaining days for your trip other than business deals are not considered under travel deductions.

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