Previously, the deduction for otherwise allowable entertainment, enjoyment, or recreation expenses was limited to 50 percent of the total amount paid or incurred. After December 31 The TCJA eliminated this 50 percent deduction for amounts paid, or incurred, 2017. However, quantities for expenses that were previously completely deductible under specific exceptions are retained under the TCJA. Amounts covered membership in clubs organized for business, social, or recreational purposes aren’t (and, generally, weren’t previously) deductible. The TCJA repealed an exception to this general rule for the allowance of membership fees used to further a taxpayer’s trade or business. The TCJA made certain changes to the tax treatment of food or beverages provided to employees.
For Employees: The TCJA didn’t change taxes treatment of food or drinks provided by a company. 1. Meals provided as a de minimis fringe advantage. 3. Meals provided to employees for the capability of the company at the employer’s business location, e.g., meals provided to a worker over lunchtime so she actually is there to consider an emergency call. For Employers: The deduction for amounts paid or incurred for normally allowable, food, or drink expenditures is limited to 50 percent.
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