The Consolidated Appropriations Act includes a provision that removes the 50% limit on deducting eligible business meals in 2021 and 2022. In general, the ordinary and necessary food and beverage expenses of operating a business are deductible. The new law allows a 100% deduction for these expenses for food or beverages provided by a restaurant. The use of the word “by” (rather than “in”) a restaurant makes it clear that the new rule isn’t limited to meals eaten on a restaurant’s premises. Takeout and delivery meals provided by a restaurant are also fully deductible. The law doesn’t change the other rules for deducting business meals and entertainment expenses are still nondeductible.  Call or visit our website for more information!