TRAVEL EXPENSES

Expenditures incurred by an employee while traveling on company business. These expenses can be subtracted by employees as non-reimbursed travel costs incurred while conducting business-related activities such as a conference or meeting. Extravagant or lavish travel expenses, or those used for personal purposes are excluded from computing travel expenses. The Internal Revenue Service considers individuals to be traveling away from their home if their job requires them to go away from their tax home or the area where their main business is situated for a period longer than a normal working day.

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