Understanding the New Business-Meals Rule: What Every Business Should Know
When you’ve been using deductions for business meals, snacks, office lunches or employer-provided food, new law changes under the One Big Beautiful Bill Act (OBBBA) mean you’ll want to pay extra attention. The rules around meal and entertainment deductions are shifting — and for many businesses, the consequences will matter. What’s Changing Under OBBBA Currently, many business meals and food/beverage expenses are 50% deductible , provided certain IRS rules are met. Under the OBBBA, effective...