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Posted on June 6, 2023 by shahana

As a Home-Based Business Owner, Can I Claim Deductions for Business-Related Meals and Entertainment Expenses?

Home-based business owners may be able to claim deductions for business-related meals, with certain criteria to meet. However, deductions for entertainment expenses are generally limited. To determine eligibility and understand the specific guidelines and limitations, it is recommended to consult with a tax professional or refer to the latest IRS guidelines.

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