What is your "Tax Home?"

In order to determine whether business travel is considered "Local" or "Away from Home" or even deductible business travel at all, we need to know the concept of "Tax Home." This video delves into the concept of "Tax Home," and gives some examples defining the term and how it applies to business travel situations. 0:00 Introduction 0:41 What is a "Tax Home?" 3:15 When there's no "Tax Home." 5:53 Conclusion To view the earlier video on Deducting the Cost of Business Meals, and how the concept of "Tax Home" is applied, click here:    • Deducting Business Meal Expenses   ADDITIONAL RESOURCES AND INFORMATION: IRS Publication 463: "Travel, Entertainment, Gift, and Car Expenses": https://www.irs.gov/pub/irs-pdf/p463.pdf Investopedia: "Tax Home: What it is, How it Works, Examples and FAQs": https://www.investopedia.com/terms/t/... The Tax Geek on the Site Formerly Known as Twitter: www.x.com@taxgeekusa The Tax Geek on Reddit: www.reddit.com/r/askataxgeek Image and footage credits: Storyblocks.com The images of "Jeannine" and "Wendell" were generated by thispersondoesnotexist (Stability.ai). The images of "Dave" and "Mitch" were generated by Bing Image Creator. Any resemblance between the persons pictured in this image and any person, living or dead, is incidental and not intended. NO OTHER ARTIFICIAL INTELLIGENCE WAS USED TO WRITE, EDIT, ANIMATE, VOICE, OR EDIT THIS VIDEO Intro Music: "Bluesy Vibes" - Doug Maxwell - YouTube Creator Music Outro Music: "Modern Attempt" - Track Tribe under license from YouTube Creator Music DISCLAIMER: This video is for educational and informational purposes only. It is not intended to render tax advice or financial advice for individual situations. If you have questions regarding your particular situation, please consult with a qualified tax or financial professional.