New U.S. Meal and Entertainment Tax Rules: What Businesses Need to Know
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The tax rule changes directly affect corporate business meal and client entertainment spending strategies. Companies need to update expense policies, ensure employees understand the new rules, and strengthen documentation management to support compliant deductions.
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- SAP Concur BlogNew U.S. Meal and Entertainment Tax Rules: What Businesses Need to Know
The U.S. Tax Cuts and Jobs Act brought significant changes to business meal and entertainment deduction rules. Under the new rules, client entertainment activities (such as concerts, sporting events, golf) are no longer eligible for the 50% tax deduction, while business meals remain eligible for a 50% deduction. The article cites Treas. Reg. Section 1.274-2(b)(1) for the definition of entertainment and recommends that businesses keep clear meal records and use automated expense solutions to help collect and organize documentation.