Is it true that workers in certain types of industries can deduct more than 50% of their business-related meals?
Most business-people can deduct no more than 50% of the cost of their business-related meals. But a little-noticed provision in the massive Taxpayer Relief Act of 1997 allows many truck-drivers and airline pilots to deduct up to 80% of their business-related meals. Since the nature of a trucker or pilot’s job requires constant travel, Congress decided to provide them with some extra deductions for the meals they eat while working.