Combine Business And Vacation Travel For Tax Savings

By Gregory Smith and Steven Packer ( August 9, 2018, 12:40 PM EDT) -- Summer is well underway and you may be considering combining a business trip with vacation plans or may have already traveled for both business and pleasure purposes. Although business is business and pleasure is pleasure, the tax code does not always adhere to absolutes or logic. With a little planning, improved tax deductions may be available for out-of-town business travel expenses, both domestically and internationally. Wouldn't it be nice to be able to check out the Grand Canyon after that business convention in Phoenix or the Mayan ruins after that business meeting in Belize? This article discusses a few strategies to help you achieve the greatest tax benefit from properly combining and documenting business and personal travel....

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