In order to be a deductible, business expenses for travel, lodging, and meals must be ordinary and necessary. An ordinary expense is one that is common and
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Special rules apply for substantiation of expenses for travel, lodging, and meals. You must maintain records that include:
Note: For self-employed individuals, per diem rates for meals (standard meal allowance) may be used as a standard deduction in place of actual receipts. Actual receipts must be used for lodging.
Traveling exceptions. Documentary evidence is not needed if any of the following conditions apply.
– The expense, other than lodging, is less than $75.
– You have a transportation expense for which a receipt is not readily available.
Travel expenses include the ordinary and necessary expenses incurred by you (generally for overnight stays) while on temporary travel away from your tax home for business purposes.
