WHAT YOU SHOULD KNOW
- Are registration and lodging expenses I incur attending a convention, seminar, or trade show deductible?
- The registration and lodging expenses you incur attending a convention, seminar, or trade show are generally 100% deductible as long as the event you attend provides, maintains, or improves the skills related to your trade or business. Keep in mind however that conferences you attend for political, investment or personal purposes are not deductible expenses.
- Are transportation taxes deductible?
- If you travel to a conference in the U.S. your transportation (airfare or car), meals (50%), single hotel room and other business expenses incurred at your conference would generally be considered deductible. If you take a personal trip and happened to attend a conference or event while away, you can only deduct the conference fee and other business-related expenses you incurred while at your destination.
- Can I deduct my travel or convention costs if I travel with my family?
- If you travel with your spouse, relative or friend on business or to a convention you may not deduct any portion of their travel or convention costs unless they are your employee, partner, professional advisor, customer, or other party who joined you for a legitimate business purpose.