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Business Travel Tax Deductions - What is Deductible?

If you need to travel for your business, you may be able to deduct certain costs of the trip (flights, lodging, meals, etc.). However, you are ONLY allowed to deduct the business-related costs, anything personal in nature is NOT deductible. Many taxpayers find themselves in serious trouble with the IRS when they try to deduct personal trips as business expenses. For a larger database of tutorials, please visit our website and search for your question: https://knottlearning.com/ DISCLAIMER: The information provided in this video may contain information about tax, financial, and legal topics. Such materials are for informational purposes only and may not reflect the most current developments. These informational materials are not intended and should not be taken as tax, financial, or legal advice. You should contact an advisor to discuss your specific facts and circumstances. Self-help services may not be permitted in all states or jurisdictions. The use of these materials does not create an attorney-client or confidential relationship. This video does not include information about every topic or issue related to these informational materials. #IRS #BusinessTravel #TaxDeductions