Skip to Content
Image of pen on W-9 Form
Article

Tax reform restricts tax deductions for meals, entertainment, and fringe benefits

February 13, 2018 / 1 min read

Recent tax law changes may compel taxpayers to make immediate changes to expense tracking procedures to ensure they are capturing information necessary to accurately determine their tax deductions.

Recent tax law changes may compel taxpayers to make immediate changes to expense tracking procedures to ensure they are capturing information necessary to accurately determine their tax deductions. The Tax Cuts and Jobs Act (TCJA) made several significant changes to deductions for meals, entertainment, and employee fringe benefits. In general, the changes disallow deductions for entertainment, reduce the benefit to 50 percent for most meal expense deductions, and limit the deductibility of employee fringe benefits. These changes are effective for amounts incurred or paid after Dec. 31, 2017.

Read the full alert

The information provided in this alert is only a general summary and is being distributed with the understanding that Plante & Moran, PLLC, is not rendering legal, tax, accounting, or other professional advice, position, or opinions on specific facts or matters and, accordingly, assumes no liability whatsoever in connection with its use

Related Thinking

Tax professional learning about the Indian government's Union Budget on their laptop computer.
February 11, 2025

India’s Union Budget 2025–2026 confirms priorities of government’s 5-year term

Article 5 min read
Aerial view of city by a waterfront.
February 10, 2025

Transfer pricing: Navigating advance pricing agreements for Japanese MNEs

Article 3 min read
Business professional in casual clothes reviewing documents.
February 7, 2025

The TCJA 100% bonus depreciation continues to phase out

Article 3 min read