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Let the IRS help with your travel

May 25, 2011

No, Internal Revenue Service employees aren't moonlighting as travel agents. But if you properly combine business and personal travel, the tax code could help cover some of your costs.

Tax help for business, pleasure trips is our latest Weekly Tax Tip.

The story has details on making sure you follow the IRS rules about combining business and personal trips, but I want to emphasize one here: Keep good records.

If the IRS questions your deductions, you want to be able to substantiate what was business and show that you didn't improperly sneak some personal expenses onto your return.

But as long as you're careful, combining a little personal time off with a business trip is a good, and cost-efficient, way to travel.

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TAX-SAVVY WAYS 
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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