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Summertime Tax Tips for Traveling

July 24, 2019

It’s summertime, and for many that means travel time! Know that there are some things you might consider with your summer travel plans to improve your tax situation this year. Here are a few tips.

Self-employed? Extend a business trip into a vacation. You can generally deduct your business-related travel expenses, including transportation to and from your business destination, as long as your trip is primarily for business. (Additional rules and limits may apply).

Deduct a volunteer vacation. If you travel to provide services for a qualified charitable organization, you may be able to deduct your travel expenses if you itemize deductions, your duties are real and substantial, and the trip does not include a significant element of vacation, recreation, or pleasure.

Traveling throughout Vermont this summer? Click here for a list of 14 “can’t miss” places to visit in Vermont this summer.

Article published in the July 2019 edition of the Copper Leaf Financial publication Eye on Money. If you would like to be added to our mail list please email jennifer@dh-cpa.com.

If you would like to schedule a strategy session and discuss your specific situation call Davis & Hodgdon at 802.878.1963 (Williston) or 802.775.7132 (Rutland).