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there are a couple of ways for you to pay for your vacation you can save for a while and dip into your savings account you can accumulate a massive load of credit card points and then use those points to pay or you can use my all-time favorite way to take a trip and let the government pay for it so in this video we're going over everything you need to know about deducting your vacation stick around to the end to deduct your next one [Music] okay the first thing i want you to know is that the irs allows you to deduct nearly all of the costs when traveling for business even if you use a chunk of that time to sip a mojito by the beach but there are a few rules that you must follow to make the irs happy and qualify the trip as a business trip starting with number one and that's leaving your place of business also known as your tax home you won't qualify to deduct your travel as an expense if you don't leave your main place of business your tax home is considered the general area of your place of business including the city and surrounding areas so a general rule of thumb is that you must be gone for longer than a workday and must need to rest or sleep at the destination secondly the trip must be primarily business related remember this trips planned with the intention of pleasure in some business are not deductible but trips with the intention of business that happen to include pleasure are deductible now the definition of primarily business related differs whether you are traveling within the united states or if you're traveling internationally here's how if you're traveling within the united states you must spend the majority of your days doing work related activities luckily for you though the days you spend traveling to and from the destination count as business day so you could potentially travel on a monday do business on a tuesday then travel back on wednesday and that entire three-day trip would be tax deductible additionally if you're stuck over the weekend and perform legitimate business on friday and monday the weekend becomes a write-off which can set you up for a six-day trip thursday through tuesday that is a hundred percent deductible with two travel days two personal days and then two days for doing business third the trip must be considered ordinary and necessary for a trip to be deductible it must be both ordinary for the industry and necessary for the operation of business this means that you can't be too bougie with your expenses i'll take the presidential suite please it has to make sense once again for your industry and business operations now the irs does give some wiggle room here for example anyone can fly first class or eat at a nice restaurant but flying to omaha to eat a...