what is the limit of meal deduction for business
In general, you can deduct only 50% of your business-related meal and entertainment expenses. (If you are subject to the Department of Transportation's â hours of service â limits, you can deduct 80% of your business-related meal and entertainment expenses.our meal or entertainment expense is not subject to the 50% limit if the expense meets one of the following exceptions. 1 â Employee's reimbursed expenses. If you are an employee, you are not subject to the 50% limit on expenses for which your employer reimburses you under an accountable plan.