N-2021-25: Temporary 100-Percent Deduction for Business Meal Expenses

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April 8, 2021

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Issue Number: N-2021-25

Inside This Issue

Notice 2021-25 provides guidance regarding the temporary 100-percent deduction for expenses that are paid or incurred in 2021 and 2022, for food or beverages provided by a restaurant. In particular, the notice explains when the temporary 100-percent deduction applies and when the 50-percent limitation continues to apply for purposes of § 274 of the Internal Revenue Code.

Notice 2021-25 will be in IRB: 2021-17, dated 04/26/2021.

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