A 2026 guide to deducting business travel on Schedule C — covering the IRS tax home rule, the $178 CONUS per diem, 50% meal limits, 75% international business-day threshold, and the documentation habits that survive an audit.
The 2026 IRS standard mileage rate is 72.5 cents per mile—a $14,500 deduction for 20,000 business miles. This guide covers which miles qualify, how to choose between the standard rate and actual expense method, what your mileage log must contain, and the mistakes that get deductions disallowed.
Gain insights into the unique financial challenges faced by travel agencies, including revenue recognition complexities and international tax regulations, to effectively manage your agency's finances.
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