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The President has come to you for advice. The President is thinking about making changes to the meal away from home deduction. Specifically, the President
The President has come to you for advice. The President is thinking about making changes to the meal away from home deduction. Specifically, the President thinks that the amount of the meal deduction should exclude the cost of the average meal spent by the taxpayer when they are at home. For example, if a taxpayer normally spends $10 on their dinner while at home, that taxpayer should not be able to deduct the first $10 on dinner spent away from home. Thoroughly discuss the pros and cons of an individualized approach to limiting the meal deduction
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