My 13 year old son took a Student Ambassador trip to Australia last summer. The trip cost us $6,000.00. Is any of the trip expense tax deductible?
by 
Shawn G
ANSWERS: 1
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If the trip was done to create some income, then the costs can be deducted from the revenue so you are only paying taxes on your profit. Was the trip to maintain ones professional position, or was it necessary to protect ones' salary? Did the trip provide any sales or marketing leads that might expand the business? Income Tax taxes income. How was your income to be higher because of the trip? If you can show that, then it IS deductible.
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