BUSINESS MEALS DEDUCTION CHANGES IN 2023

Beginning January 1, 2023, business meals deductions will revert to previous tax rules. These deductions temporarily changed for tax year 2021 and 2022 with the passing of the Consolidated Appropriations Act of 2021. For tax year 2023, the meals deductions reduce from 100% deductibility to 50% deductibility.

2021년과 2022년에 걸쳐 시행된 사업용 식사비 임시 100% 공제규칙은  2023년 1월 1일 부터 2021년 이전과 같이 50% 공제규칙으로 전환 됩니다.

The information contained in this notice is general in nature and should not be considered to be legal, tax, accounting, consulting or any other professional advice. In all cases you should consult with professional advisors familiar with your particular factual situation for advice concerning specific matters before making any decisions. KLC assumes no responsibility or liability for any errors or omissions in the content of this notice. The information contained in this notice is provided on an “as is” basis with no guarantees of completeness, accuracy, usefulness or timeliness and without any warranties of any kind whatsoever, express or implies.