The category of travel expenses is one of the most common type of business deduction and also one of the most confusing. Travel expenses are the ordinary and necessary expenses of traveling away from home for your business, profession, or job. You cannot deduct expenses that are lavish or extravagant or that are for personal purposes.
There are generally two reasons an employee/business owner may incur travel expenses. Traveling away from home because your duties require you to be away from...Read More >>