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away from home

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Financial Dictionary

Away From Home

The IRS criteria used to establish whether or not you are within commuting distance from home. If you work away from home for longer than a normal workday and you require sleep, then the associated costs are tax deductible.

Investopedia Commentary

This is used to determine whether you can deduct travel expenses such as food and lodging.

Related Links

Five Tips for the Tax-Smart Investor
Tax Tips For The Individual Investor

See also: Convention Expenses, Deduction, Income Tax, IRS, Job Hunting Expenses, Moving Expenses, Travel Expenses

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