Lodging Expenses

Lodging Expenses
Costs for an overnight stay, usually in a hotel, that may be taken as a federal income tax deduction if the Internal Revenue Service's criteria are met. Lodging expenses are usually a business expense that is incurred when someone must travel away from their tax home to do business. The IRS does not set a standard amount that can be deducted for lodging expenses, however several criteria must be met for the expense to be tax deductible.

The IRS also allows individuals to deduct lodging expenses from their income when the lodging expenses are incurred as a moving expense. The IRS says the expenses must be reasonable for the circumstances of the move. Any lodging expenses that are not on the shortest route from the taxpayer's old home to his new home, for example, because he decided to take a detour for sightseeing, would not be tax deductible because these are not really moving expenses.


Investment dictionary. . 2012.

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  • lodging — UK US /ˈlɒdʒɪŋ/ noun [U] ► a place someone pays to stay in while they are away from home: »She was able to claim expenses for airfare, food, and lodging for three nights. → See also BOARD(Cf. ↑board) noun …   Financial and business terms

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  • Household Expenses — A per person breakdown of general living expenses. It includes the amount paid for lodging, food consumed within the home, utilities paid and other expenses. The sum of all the expenses is then divided by the number of family members residing in… …   Investment dictionary

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  • transportation expenses — Freight on shipment of goods or other property. The fare for the transportation of a passenger. As a deduction in calculation of net income for tax purposes, only the travel cost, not including meals and lodging. IRS Pub. No. 463 (10/65) p I. See …   Ballentine's law dictionary

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