Businesses can deduct 100% of restaurant meals in 2021 and 2022.The late 2020 stimulus law provides temporary relief from the 50% haircut that normally applies to the business meals write-off. The easing applies only to food and beverages purchased at a restaurant for takeout or dining in at the establishment.
Client meals and meals on travel are included. The taxpayer or an employee must be at the meal, and the cost can’t be lavish or extravagant. Prepackaged food or beverages bought at a store or similar facility do not qualify for the 100% write-off. Neither does the cost of meals at an employer-operated facility such as a cafeteria.
Entertainment remains non-deductible. So those Cubs or Bears tickets are still not deductible.