# @turbotax on Instagram

- **Type:** Image
- **Original URL:** https://www.instagram.com/p/DDkaJpkgOYO
- **Gondola URL:** https://gondola.cc/posts/25487277-turbotax-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/thumbnails/b238925c05.jpg
- **Posted:** 2024-12-14T18:30:11.000+00:00
- **Account Owner:** Intuit TurboTax (@turbotax) — https://gondola.cc/turbotax

## Caption

If you own a small business and are throwing your employees a holiday party, 🎄great news—it could be tax deductible!⁠
⁠
Here's the catch:⁠
✨ The party must be for your employees, clients, or customers to qualify as a legitimate business ⁠
 expense.⁠
✨ All employees and their spouses must be invited. Inviting only a select group of employees may limit how much you can deduct.⁠
✨ Costs must be reasonable (over-the-top extravagance may limit your deduction).⁠
⁠
Be sure to save receipts and document your guest list for smooth filing later!⁠
⁠
#HolidayParty #BusinessTax #SmallBusiness #TaxDeductions

## Stats

- **Views:** 0
- **Likes:** 52
- **Shares:** 0
- **Comments:** 5

## Tags

smallbusiness, businesstax, taxdeductions, holidayparty

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