Which of the following business expenses is/are subject to a 50% deduction limit for 2017?
I.Gifts
II.Incidental expenses while traveling

Name: Which of the following business expenses is/are subject to a 50% deduction limit for 2017? I.Gifts II.Incidental expenses while traveling
Brand: Quizplus
Rating: 4.9 (40 reviews)

Question

Which of the following business expenses is/are subject to a 50% deduction limit for 2017?
I.Gifts
II.Incidental expenses while traveling
​

Quizplus · Accepted Answer

For 2017, business gifts are subject to a $25 deduction limit per recipient, not a 50% limit. Incidental expenses while traveling are generally fully deductible, not subject to a 50% limit.

Which of the Following Business Expenses Is/are Subject to a 50