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Staking Your Claim

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This story appears in the January 1996 issue of Entrepreneur. Subscribe »

GOOD NEWS, business travelers! Keeping track of business expenses while you're on the road just got easier, thanks to a little help from the IRS.

Previously, businesspeople had to maintain receipts for travel and entertainment expenses of $25 or more; now, the threshold has been raised to $75. The change should allow business travelers to ease up on the multitude of receipts they previously had to amass-especially for low-budget items like food.

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