- Meals and snacks offered at work are a 50% deductible expense, as with client meals when business is conducted.
- A provision in the $1 trillion HEALS Act provides a 100% deduction for business meals until the end of 2020.
The proposed HEALS Act will allow business owners to take a temporary 100% tax deduction on business meals.
The GOP’s $1 trillion proposal, released on Monday, calls for a range of relief measures to help support Americans during the corona virus pandemic.
Aside from offering another round of $1,200 stimulus checks and a reduced stream of unemployment benefits, the legislation seems poised to encourage more business people to visit restaurants with increased frequency.