Want to Deduct That Business Meal? Here’s What Actually Works. I love this concept — it’s a great starting point to understand what’s required to make your deductions bulletproof. But let’s clear up a common point of confusion: 🚫 The 100% meal deduction? That was a temporary rule. ✅ Current law: Most business meals are now only 50% deductible — and only when there’s a legitimate business purpose. So what makes it legit in the eyes of the IRS? 👉 Who was at the meal. 👉 What business you discussed (the purpose). 👉 When & where it happened. 👉 Proof of payment. 📌 Pro tip: If you want that deduction to stick in an audit — you need all five P’s: 1️⃣ Place. 2️⃣ Point in Time. 3️⃣ Purchase amount + item. 4️⃣ Person. 5️⃣ Purpose. I walk through exactly how I document this — including a real-world example from my own business life — in a YouTube video I created for entrepreneurs. 👇 Drop the word YouTube, and I’ll send you the link to my channel so you ...