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01Jul2019

How Does Combining a Vacation with a Foreign Business Trip Affect the Tax Deduction for Travel Expenses of a Self-Employed Individual?

    Article Highlights:    Primarily Business Primarily Vacation Special Circumstances Foreign Conventions, Seminars and Meetings Cruise Ships Spousal Travel Expenses   Note: effective for years 2018 through 2025, the Tax Cuts and Jobs Act of 2017 suspended the deduction of miscellaneous itemized expenses that must be reduced by 2% of the taxpayer’s adjusted gross