LODGING EXPENSES

An extra charge imposed by a lodging provider for an overnight stay, typically in a hotel, which can be taken as a Federal income tax deduction if the Internal Revenue Service’s standard are met. Usually a business expense, it is incurred when an individual must go away for an out-of-town business trip. Although IRS does not set a specific amount that can be reduced for lodging expenses, some criteria must be complied for the expense to be tax deductible.

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