The fact that your personal home is not your tax home is one income tax issue.
Here’s another: business travel is different from business transportation.
Your tax deductions, tax strategies, and tax records hinge on the following federal income tax defined terms:
1.
Personal home
2.
Tax home
3.
Business travel
4.
Business transportation
Meanings
Personal home | This is where you live. |
Tax home | This is where you maintain your principal place of work. |
Business travel | You are in tax-deductible travel status when you travel away from your tax home overnight or long enough to require sleep. |
Business transportation | You deduct business transportation as a cost of going to and from tax-deductible business destinations, whether in town or out of town, on overnight business travel. |
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