Are you in the US? Unless you’re self- employed, you can not (legally) deduct food - including coffee.
If you’re playing that game, maybe you’ll get away with it, but maybe you won’t. If you do, you’d better have your paperwork ready - receipts for everything you’ve deducted - because if you’re audited not only will you be fined and have to pay back taxes on ask of the stuff you’ve been deducting against the rules, but they’ll also question every legitimate deduction.
Now, if you have a medical prescription for pot, you can deduct medical expenses - although, if you’re itemizing, you have to be spending a shit-ton on pot to equal the standard deduction. You can’t take the deduction and itemize your expenses.
If you work for someone else, and THEY provide coffee, they can (and do) deduct it from taxable revenue. Same as they do the wages they pay you and the chair they have for you to sit in.
I’m… I’m not sure about the wages thing. You’ll have to provide a source on that. I know that office equipment is depreciable OpEx, but wages fall under CapEx - at least, most wages do; I don’t know about, like, maintenance.
I admit I’m getting into the area where my knowledge gets fuzzy.
Are you in the US? Unless you’re self- employed, you can not (legally) deduct food - including coffee.
If you’re playing that game, maybe you’ll get away with it, but maybe you won’t. If you do, you’d better have your paperwork ready - receipts for everything you’ve deducted - because if you’re audited not only will you be fined and have to pay back taxes on ask of the stuff you’ve been deducting against the rules, but they’ll also question every legitimate deduction.
Now, if you have a medical prescription for pot, you can deduct medical expenses - although, if you’re itemizing, you have to be spending a shit-ton on pot to equal the standard deduction. You can’t take the deduction and itemize your expenses.
I am self-employed, and I have a qualified tax professional do my returns.
If you work for someone else, and THEY provide coffee, they can (and do) deduct it from taxable revenue. Same as they do the wages they pay you and the chair they have for you to sit in.
I’m… I’m not sure about the wages thing. You’ll have to provide a source on that. I know that office equipment is depreciable OpEx, but wages fall under CapEx - at least, most wages do; I don’t know about, like, maintenance.
I admit I’m getting into the area where my knowledge gets fuzzy.