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Can you deduct honeymoon?
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Here’s what the CPA’s have to say
The IRS claims that you can deduct any expense that is related to your profession as long as it is considered common and helps your business.
But it’s difficult to figure out what is considered a legitimate business expense.
Here, if you’re a freelancer who is working on a project or meeting with a client while on your honeymoon, you can write off a certain portion of the meals and travel you spent for business purposes. You can also deduct your lodging expenses depending on the location of your project or meeting. There are other honeymoon-related expenses that you can claim depending on your profession.
Can you take your honeymoon as a tax deduction?
Generally, wedding and honeymoon expenses are considered personal expenses and are not deductible on a tax return. However, if you’re self-employed and happen to be working even while on your honeymoon, you can deduct a portion of your honeymoon expenses that are related to your business.
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Can you claim a honeymoon as a business expense?
According to the IRS, you can deduct any expense that is related to your profession as long as it is considered common and helps you in conducting your business. However, the honeymoon is a very personal expense and under most circumstances, it won’t be deductible, but it is possible to write it off as a business expense.
As a freelancer, if you happen to be working on a project while on your honeymoon, the honeymoon serves as both a business & personal trip, thus, you may write off a couple of expenses. Some other freelance professions where you can claim the tax deduction include:
- Actors
- Social media influencers
- Musicians
- Models
- Writers
- Performing artists
Who can claim a honeymoon as a deduction?
To deduct any expense, it must be directly related to your business. If you’re a freelancer and are conducting your business activities while on a honeymoon trip then you can deduct certain major expenses. Freelancers who can claim the tax deduction include:
Actors/Models:
As an actor, if you’re on your honeymoon and happen to be shooting for a film or advertisement, close to your location, you can deduct the travel (commute) as well as the grooming expenses associated with your role or project.
Performing Artists:
As a performing artist who happens to be staying at a luxurious hotel for an event as well as their honeymoon, you can deduct the lodging expenses associated with your business. For example- You have booked a suite at a hotel for 3 days for your honeymoon (personal expense), and on the second day, perform for an event at same the hotel (business expense), you can segregate the business portion of this expense and deduct it accordingly.
Social Media Influencers:
Social media influencers generally blog a lot about their travels for business purposes. As a social media influencer, you can deduct a portion of your lodging expenses if you have to conduct a brand shoot at the same place. You can also deduct the clothing expenses for the outfits you wore to promote a brand.
Writers:
As a freelance writer, you may have to attend book tours and signings, and if these events happen to coincide with your honeymoon, you can deduct the cost of travel and meals incurred while attending these events.
There are some other professions that allow you to deduct hair care as a tax write-off.
Click here to find out how FlyFin can help you to take this as a deduction.
Frequently asked questions
FAQs
Can musicians deduct the cost of lodging while on their honeymoon?
Can a designer deduct the cost of meals while on their honeymoon?
Can a social media influencer artist deduct the cost of clothes worn during the honeymoon?
Can food bloggers claim meals consumed during the honeymoon as a tax deduction?
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