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Deducting Travel to Conferences and Seminars

November 07 2016

miq Deducting Travel to Business Conventions and Seminars 1

Travel to business-related conventions, seminars, or similar meetings can be tax deductible. This can include deductions for your transportation, lodging, and 50 percent of your meal expenses while on business. Learn about how to do this, as well as some of the IRS restrictions.

It is much easier to deduct trips to destinations that are within North America. Such trips need only be an "ordinary and necessary" expense to be deductible.

That is, these trips must benefit your business in some way. Trips outside North America are deductible only if it was reasonable to hold the event in such a distant location. For example, it would be hard to deduct a convention for New York plumbing contractors held in Tahiti.

For this reason, you should generally avoid attended business conventions outside North America. Fortunately, the IRS has recently expanded the definition of what constitutes "North America."

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