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Stay financially sane!

STANDARD MILEAGE RATES (2024)

Business*     $.67/mi (up 1.5 cents from 2023)

Relocation      $.22/mi

Charitable Rate     $.14/mi

Source:  Irs.gov

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Deductible Business Meals

Business meals are 100% deductible until Jan. 1, 2023—when purchased at a “restaurant.”

But does “restaurant” include: delivered food? food purchased grocery stores? at specialty food shops?

Here are the answers.

A restaurant, for purposes of a business meal deduction, is an establishment that prepares and sells food or beverages to retail customers for immediate consumption—regardless of whether the food or beverages are consumed on or off the restaurant’s premises (IRS Notice 2021-25).

In other words, take-out is included—when purchased from a “restaurant.”

Not included: food or beverages purchased from:
X grocery stores;
X specialty food stores;
X beer, wine or liquor stores;
X drugstores;
X convenience stores;
X newsstands; and
X vending machines or kiosks.

Source:  AIPB

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"Many companies define success based on the dollars coming in, but we define our success by the number of lives changed: people getting out of debt and investing for their future."  - Dave Ramsay, Financial Expert

LINKS

CONTACT US

PHONE:  (202) 415-0909

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E-MAIL:  info@financiallysane.com

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ADDRESS:  4300 Biscayne Blvd,

                         Suite 203

                         Miami, FL, 33137 

ABOUT

Financially Sane! Services is here to provide assistance to all of your business needs.  A one-stop shop, we like to call it.  We live in the great country of small businesses.    Many people own and have them, yet many do not know what it takes to keep it operative and make it successful.  Financially Sane! is here to help your business become everything it was intended to be.  Keep in mind that every large company was once a small business.  What do you need to get your business to that next level?

 

There is freedom in being financially sane!!

 

Copyright (c) 2016  Financially Sane Services, LLC.  All Rights Reserved.  Site designed by DDLLC.

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