Article Date:
August 2012


Word Count:
1179

 

 

How to Deduct the Transportation Component of Your Business Travel


When you take a business trip, you incur two types of tax-deductible costs:

 

1.

Business-day costs

2.

Transportation costs

 

To deduct your business-day costs, you must have a business day as we explained in last month’s article titled “Tax Tips to Identify Tax-Deductible Travel Days.”

 

To deduct the transportation costs you incur in getting to and from your business destination, you must satisfy the rules discussed in this article.

 

Big-Picture Flowchart

 

Examine the flowchart below to get the big picture of how the rules for deducting transportation to a travel destination work.

 

 

Trip Inside the 50 United States

 

Under IRS regulations, when you travel for business, you are traveling either inside or outside the 50 United States including, Washington, D.C.1

 

The 50 United States include only the 50 ... Log in to view full article.

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