Business meals are meals that are consumed during the course of business operations, and can include client entertainment, business meetings, and meals during travel. They are typically deductible expenses under certain tax regulations.
The 2008 Income Tax Rebate Plan was a significant part of the $168 billion economic stimulus bill proposed by President George W. Bush. It provided tax relief to individuals and couples, raised loan limits for housing agencies, and offered incentive deductions for businesses.
Meals and entertainment expenses are costs incurred by businesses for client meals or entertainment activities that qualify for tax deductions. These expenses must have a bona fide business purpose to be eligible.
