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Saturday, February 24, 2024

IBOAI News Articles

Business Meals: Change for legitimate business meals from 50% deductible to 100% deductible for the years 2021 and 2022 only.*

Business Mileage: New deductible standard mileage rate for legitimate business miles for 2021 is $.56 per business mile.*

*Refer to Bookkeeping 101 for proper context for these revisions.