My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.

Finance

Deducting International Travel

Going abroad? If you meet these three guidelines, it's deductible.
1 min read
Opinions expressed by Entrepreneur contributors are their own.

Deduct costs associated with travel outside the United States. Even if you did not spend your entire time on business, you can deduct the entire cost of your travel outside the United States--if you meet any of the following three exceptions:

  • You were outside the United States no more than one week (7 consecutive days).
  • You were outside the United States and less than 25 percent of the time was spent on non-business (personal) travel.
  • You can establish that a personal vacation was not a major consideration, even if you have substantial control over arranging the travel.

Source: "Travel-Related Tax Deductions"

More from Entrepreneur

David provides constructive insight to help businesses focus on their company growth, build brand awareness and know when and how to raise money.
Book Your Session

In as little as seven months, the Entrepreneur Authors program will turn your ideas and expertise into a professionally presented book.
Apply Now

Create your business plan in half the time with twice the impact using Entrepreneur's BIZ PLANNING PLUS powered by LivePlan. Try risk free for 60 days.
Start My Plan

Latest on Entrepreneur