Month: June 2020

COVID-19 Tax Deduction for Business Meals: Proposed Changes

Restaurants and entertainment venues have been hard hit by the novel coronavirus (COVID-19) pandemic. One COVID-19 tax deduction that President Trump has proposed to help them is an increase in the amount that can be deducted for business meals and entertainment. It’s unclear whether Congress would go along with enhanced business meal and entertainment deductions. … Continue reading “COVID-19 Tax Deduction for Business Meals: Proposed Changes”