Travel Expenses HD

Visit http://www.freetaxusa.com/ today! Travel expenses while away from your "tax home," for your business or your job, are deductible on Schedule C and Schedule A respectively. Your tax home is your regular place or area, in which you conduct business. You are considered away from your tax home, if you are out of the general area of your tax home, for a period longer than a normal workday, and you need to sleep or rest. Deductible travel expenses include your lodging, transportation, automobile operation costs, taxi fares, telephone usage costs, laundry and dry-cleaning expenses, and 50% of your meals. The travel expenses of your spouse are not deductible, unless your spouse is also an employee and serves a legitimate business purpose on the trip. However, you can still deduct 100% of the expenses such as automobile and lodging expense, that you would have incurred anyway if you had traveled alone, instead of with your spouse. Your airfare in the United States is 100% deductible, if your trip is primarily for business. Airfare is 100% nondeductible, if the travel is primarily for pleasure. Any expenses related to personal travel, such as a quick two day side trip to the beach, are not deductible. Expenses related to foreign travel, must generally be allocated between business days, and personal days, unless certain exceptions are met. You can deduct all of your travel expenses for work on a temporary assignment out of town. An assignment is considered temporary, if you expect the assignment to be less than a year, and in fact it is shorter than a year.