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How to Deduct Travel Expenses (Without Getting Audited!)
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Traveling can be an exceptionally rewarding and fulfilling experience. After all, the world is filled with a tremendous amount of beauty and intrigue. However, if you are someone who travels for business, you need to be very careful about how you deduct your travel expenses. This is because the IRS has extremely strict rules about doing this.
In this video, tax expert Karlton Dennis explains exactly how to deduct travel expenses without getting audited. He covers who is eligible to deduct travel expenses, what kind of expenses can be deducted, and what the process is for deducting travel expenses correctly according to current IRS regulations.
Importantly, Karlton also provides examples of mistakes that many people make when they are deducting travel expenses. When it comes to deducting travel expenses, understanding what not to do can be just as important as understanding how to deduct the various travel expenses correctly.
CHAPTERS:
0:00 Intro
0:21 Who Is Eligible to Deduct Travel Expenses?
1:18 What Are the Rules for Deducting Business Travel Expenses?
2:08 What Kind of Business Travel Expenses Can Be Deducted?
2:49 What Percentage of the Trip Has to Be for Business?
4:31 Keep Detailed Records
6:04 Tax Court Case Example
7:25 Are Your Spouse's Travel Expenses Deductible?
9:31 Tax-Free Wealth Challenge - August 2025 Promo
9:48 Outro
*Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you.
#travelexpenses #traveldeductions #businesstravel
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