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Taxes are part of travel, but at least many business trip expenses are deductible

September 25, 2016

I'm a bit slow today. I got up at o'dark-thirty to catch a flight home from San Diego, California, where I had spent four fantastic days at FinCon, an annual conference of fellow financial bloggers and other money and media folks.

San Diego from my hotel room  092416 photo by Kay Bell

View from my San Diego FinCon hotel room last week. I almost — almost — didn't come home! 

It's a great opportunity to learn best practices, pick up tips (for stories, blog posts and growing your business), meet people you've only known heretofore online, make new friends and reconnect with old ones.

And, almost best of all, the business travel is tax deductible.

Taxes on your travel: That's some consolation when you look at all the business trip receipts you've collected and notice all the on-the-road taxes you paid.

There are, of course, the sales taxes on the newspapers you picked up at the airport to stay on top of current affairs that affect your business.

And on the ear buds you bought at the hotel gift shop when yours unexpected quit working right before that conference call you had to make.

And, of course, on all those restaurant meals you chowed down on as you and your colleagues talked shop.

Taxes on a place to sleep:  Then there are the room charges. Most major travel destinations impose at least one lodging tax. San Diego has a couple.

There's the city's Transit Occupancy Tax, or TOT, which is 10.5 percent of a room's rental rate.

Lodging establishments also collect the Tourism Marketing District, or TMD, tax. The timing of FinCon meant that all of us staying at the hotel hosting the financial conference had another 2 percent onto our room's rate. That's along with the Golden State's collection of a 1.95 percent California Tourism Assessment.

And on how you got there: Don't overlook the myriad taxes that apply to airline travel.

Or on rental cars if your destination hotel isn't like the one on the San Diego Bay where I stayed and doesn't provide a courtesy shuttle to and from the airport.

Yes, all the taxes are annoying, even for someone whose living depends on taxes. But all my taxable travel costs last week were money well spent.

And in a few months, they'll be welcome tax deductions.

You also might find these items of interest:

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The More Tax Posts tab at the top of this page will take you to, well, more tax posts. You also can search below for a tax topic. 

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TO WRAP UP 2026

It’s over! With October’s extended filing deadline behind us, it is now time to focus on year-end moves to reduce your 2026 tax bill. 

You’ll find ways to do just that on the Tax Tips page (see the More Tax Posts drop-down menu at the top of the blog), as well as the separate tax tip pages for each month, notably October through December. If you’re on the Tax Tips page, you’ll find a monthly list at the end of this column. If you’re on another blog page, you can head straight to the October tips; at the bottom of that tips page you’ll find links to all the other 11 months’ collections of tax advice.

Not to spoil what you’ll find in that tax advice, but it does cover such things as tax deductions for charitable donations, investment moves that could reduce tax due, and ways to max out your tax-favored retirement savings. 

Finally, as the year winds down, things get hectic. There are lots of other things to occupy our time, like the much more fun upcoming holidays. But don’t lose sight of taxes, since timing is key. To be of use, most tax moves must be made by the end of the tax year. That’s Thursday, Dec. 31, which also is the last business day of the year. 

So that you don’t miss that final tax year deadline, also keep an eye on the countdown clock below. It will keep you on top of just how much time is left to make important, tax-saving moves. (Note: I’m in the Central Time Zone, so adjust accordingly for where you live.)

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