Travel expenses are “ordinary and necessary” expenses while away from home for the primary purpose of business. Keep all receipts and relevant documentation to substantiate where you wne, why, for how long, and the amount spend. If you combined business and personal trabel, show how much is related to business.
Lodging receipts should show the location, duration of your stay, and your expenses. Keep records for cleaning, laundry, phone charges, tips, and other charges not shown seperately.
Transportation receipts inlude airplane, train or bus ticket stubs, travel agency receipts, rental car or taxi receipts, etc., showing the amounts, dates and destinations.
Meal receipts must show the name and location of the restaurant, the number of people served. and the date and amount of the expense. Generally, you must keep a log of your meal expenses and save receipts for amounts of $75 or more. Either track the actual costs of your meals, or use the standard meal allowance, if you qualify. You may only claim a deduction for 50 percent of the unreimbursed cost of your meals.