05/17/2026
š½ļø Good news, your lunch meetings and networking coffees are still working for you.
Business meals are generally 50% deductible in 2026 but only if you follow a few simple rules:
⢠Must be ordinary and necessary
⢠Cannot be overly extravagant
⢠Must document who you met with and the business purpose
And here is where most people get tripped upā¦
If you do not have proper documentation, the deduction could be disallowed in an audit, which means paying additional tax, plus potential penalties and interest.
Best practice is simple:
š± Snap a picture of the receipt and either upload it to QuickBooks Online or save it in a dedicated folder on your phone.
Future you will be very grateful when tax time rolls around.
Also, bonus reminder⦠entertainment is still not deductible, so that game or concert ticket does not count.