What Percentage Of Business Meals Are Deductible Until 2024. It can be a bit confusing when it comes to writing off meals and entertainment deductions for your small business in 2024. Taxpayers may continue to deduct 50 percent of the cost of business meals if the taxpayer, or the taxpayer’s employee, is present and the food or beverages are not.

And a percentage of your meals is deductible even if the meals aren’t connected to a business conversation or other business function. As of 2023, deductions are now back where they were prior to 2021.