M E For Christmas Party Food 2024 Tax Deductions

M E For Christmas Party Food 2024 Tax Deductions. Gifts to customers and clients are tax deductible up to a maximum of $25 per recipient per year. The short answer is yes, holiday parties can be tax deductible, but there are some important caveats to keep in mind.

Food offered for free to the general public. For 2023 and 2024, most business meals are only 50% deductible, according to the current irs rules.