• bitcoinBitcoin(BTC)$69,847.002.08%
  • ethereumEthereum(ETH)$2,033.692.05%
  • tetherTether(USDT)$1.000.00%
  • binancecoinBNB(BNB)$641.761.14%
  • rippleXRP(XRP)$1.391.73%
  • usd-coinUSDC(USDC)$1.000.01%
  • solanaSolana(SOL)$85.781.00%
  • tronTRON(TRX)$0.2857320.09%
  • Figure HelocFigure Heloc(FIGR_HELOC)$1.04-0.53%
  • dogecoinDogecoin(DOGE)$0.0944884.47%
  • whitebitWhiteBIT Coin(WBT)$55.391.69%
  • USDSUSDS(USDS)$1.000.01%
  • cardanoCardano(ADA)$0.2615802.49%
  • bitcoin-cashBitcoin Cash(BCH)$446.690.53%
  • leo-tokenLEO Token(LEO)$9.18-0.47%
  • HyperliquidHyperliquid(HYPE)$34.15-1.45%
  • moneroMonero(XMR)$352.853.55%
  • chainlinkChainlink(LINK)$8.981.34%
  • Ethena USDeEthena USDe(USDE)$1.00-0.03%
  • CantonCanton(CC)$0.1487312.78%
  • stellarStellar(XLM)$0.1585855.16%
  • USD1USD1(USD1)$1.00-0.02%
  • RainRain(RAIN)$0.0090160.32%
  • daiDai(DAI)$1.00-0.05%
  • litecoinLitecoin(LTC)$53.850.19%
  • hedera-hashgraphHedera(HBAR)$0.0950970.75%
  • avalanche-2Avalanche(AVAX)$9.543.03%
  • paypal-usdPayPal USD(PYUSD)$1.000.03%
  • suiSui(SUI)$0.961.49%
  • zcashZcash(ZEC)$222.514.04%
  • shiba-inuShiba Inu(SHIB)$0.0000064.33%
  • the-open-networkToncoin(TON)$1.32-0.85%
  • crypto-com-chainCronos(CRO)$0.0755940.87%
  • tether-goldTether Gold(XAUT)$5,156.761.03%
  • World Liberty FinancialWorld Liberty Financial(WLFI)$0.1022801.92%
  • pax-goldPAX Gold(PAXG)$5,195.650.96%
  • MemeCoreMemeCore(M)$1.45-4.52%
  • polkadotPolkadot(DOT)$1.49-0.56%
  • uniswapUniswap(UNI)$3.84-0.54%
  • mantleMantle(MNT)$0.704.65%
  • Pi NetworkPi Network(PI)$0.2273075.19%
  • okbOKB(OKB)$97.570.56%
  • Circle USYCCircle USYC(USYC)$1.120.00%
  • BlackRock USD Institutional Digital Liquidity FundBlackRock USD Institutional Digital Liquidity Fund(BUIDL)$1.000.00%
  • BittensorBittensor(TAO)$199.442.76%
  • SkySky(SKY)$0.0780873.51%
  • Falcon USDFalcon USD(USDF)$1.000.05%
  • AsterAster(ASTER)$0.700.02%
  • Global DollarGlobal Dollar(USDG)$1.000.00%
  • aaveAave(AAVE)$111.644.67%
TradePoint.io
  • Main
  • AI & Technology
  • Stock Charts
  • Market & News
  • Business
  • Finance Tips
  • Trade Tube
  • Blog
  • Shop
No Result
View All Result
TradePoint.io
No Result
View All Result

Why free snacks at the office could soon get scrapped

July 14, 2025
in Business
Reading Time: 3 mins read
A A
Why free snacks at the office could soon get scrapped
ShareShareShareShareShare

A popular workplace perk — free office snacks — may be on the chopping block after President Trump’s newly signed tax law eliminated a longstanding deduction for employer-provided meals. 

YOU MAY ALSO LIKE

Oil prices drop near $80 as US walks back claim that tanker was escorted through Strait of Hormuz

SL Green buys Daniel Boulud’s flagship NYC property for $18.5M

Starting Jan. 1, US companies will no longer be able to deduct the cost of snacks, coffee or on-site lunches provided to employees.  

The change, which received little attention during the legislative process, is part of Trump’s Big Beautiful Bill that he signed into law on July 4.  

Free office snacks may soon be a thing of the past for companies after passage of a new tax and spending bill. Franci Leoncio – stock.adobe.com

The legislation maintains the scheduled expiration of the food deduction, a move originally set in motion by Trump’s 2017 tax law, which had halved the deduction and scheduled its full elimination at the end of this year. 

The loss of the deduction affects a perk that has become emblematic of modern office culture. Initially popularized during Silicon Valley’s dot-com boom, the freebies have become commonplace across various sectors, including Wall Street banks and tech companies. 

 According to the Society for Human Resource Management, 44% of US employers now offer free snacks — double the rate from a decade ago. 

Eliminating the deduction is expected to generate $32 billion in new tax revenue from employers through 2034, according to the Joint Committee on Taxation.  

But the practical impact on companies remains unclear, as many have yet to disclose whether they will cut back on employee food offerings or absorb the additional cost. 

Tech and finance, two of the most lucrative sectors in the economy, stand out for the generous office perks that are offered to employees. 

President Trump’s “Big Beautiful Bill” was signed into law after the Republican-led Congress managed to get it across the finish line. AFP via Getty Images

Google sets the standard with gourmet cafeterias, all-day meals and snack kitchens. Meta and Apple also offer free snacks and on-site meals, with Apple focusing on health and wellness.  

LinkedIn adds catered meals and sends snack boxes to remote staff, while Indeed provides unique, around-the-clock snack options. 

In finance, JPMorgan Chase offers 24/7 “Snack Spots” and healthy options, and Goldman Sachs provides stocked pantries and after-hours meal stipends.  


Every morning, the NY POSTcast offers a deep dive into the headlines with the Post’s signature mix of politics, business, pop culture, true crime and everything in between. Subscribe here!


Some sectors, however, were spared. Alaska’s fishing industry secured an exemption in the final version of the bill, a move aimed at securing the support of Sen. Lisa Murkowski (R-Alaska).  

Maine’s lobstermen, by contrast, did not receive similar treatment after Sen. Susan Collins (R-Maine) declined to support the legislation. The bill ultimately passed with Vice President JD Vance casting the tie-breaking vote.

Restaurants also retained their longstanding ability to deduct the cost of meals provided to staff. But the benefit is now off-limits for most other employers, including hospitals, factories and office-based businesses that have traditionally offered free or subsidized food as a means of boosting morale and encouraging longer hours. 

The newly signed law eliminates corporate tax deductions for on-site meals and snacks. New Africa – stock.adobe.com

Free food has long been viewed by companies as a tool for improving workplace culture. 

Google co-founder Sergey Brin is famously quoted as instructing office designers to ensure no employee was more than 200 feet from food, underscoring the belief that snacks and casual eating spaces help facilitate collaboration and productivity. 

Despite the looming cost increase, some in the food services sector are not anticipating a major disruption.  

Ali Sabeti, chief executive officer of San Francisco-based corporate catering firm ZeroCater Inc., said his company weathered the 2017 reduction in the deduction without losing clients — and he expects the same this time. 

The elimination of the deduction in Trump’s new law takes effect on Jan. 1. REUTERS

“It’s pretty inelastic,” Sabeti told Bloomberg News.  

“When you take a tax deduction away, the cost is going to go up, but companies will continue to spend, just like if you took away a deduction on a laptop.” 

“The Trump administration’s rapid deregulation and the One Big Beautiful Bill’s pro-growth provisions like full equipment expensing will help turbocharge economic and investment growth — growth that will yield better pay, benefits, and perks for American workers than any one-off deduction,” White House spokesperson Kush Desai told The Post.

Credit: Source link

ShareTweetSendSharePin

Related Posts

Oil prices drop near  as US walks back claim that tanker was escorted through Strait of Hormuz
Business

Oil prices drop near $80 as US walks back claim that tanker was escorted through Strait of Hormuz

March 10, 2026
SL Green buys Daniel Boulud’s flagship NYC property for .5M
Business

SL Green buys Daniel Boulud’s flagship NYC property for $18.5M

March 10, 2026
Live Nation CEO urged by frustrated judge to settle with states after stunning deal with feds: ‘tickle on the wrist’
Business

Live Nation CEO urged by frustrated judge to settle with states after stunning deal with feds: ‘tickle on the wrist’

March 10, 2026
Yamaha pulling out of California after half a century: HQ headed to Georgia
Business

Yamaha pulling out of California after half a century: HQ headed to Georgia

March 10, 2026
Next Post
Billionaire Trump ally Marc Andreessen warns elite universities will ‘pay the price’ for DEI

Billionaire Trump ally Marc Andreessen warns elite universities will 'pay the price' for DEI

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
Suspect in Texas bar shooting identified

Suspect in Texas bar shooting identified

March 8, 2026
Pakistan declares ‘open war’ with Afghanistan as they trade deadly strikes

Pakistan declares ‘open war’ with Afghanistan as they trade deadly strikes

March 10, 2026
Telecommunication 2026 Dividend Roundup: I Prefer Comcast Over Verizon

Telecommunication 2026 Dividend Roundup: I Prefer Comcast Over Verizon

March 5, 2026

About

Learn more

Our Services

Legal

Privacy Policy

Terms of Use

Bloggers

Learn more

Article Links

Contact

Advertise

Ask us anything

©2020- TradePoint.io - All rights reserved!

Tradepoint.io, being just a publishing and technology platform, is not a registered broker-dealer or investment adviser. So we do not provide investment advice. Rather, brokerage services are provided to clients of Tradepoint.io by independent SEC-registered broker-dealers and members of FINRA/SIPC. Every form of investing carries some risk and past performance is not a guarantee of future results. “Tradepoint.io“, “Instant Investing” and “My Trading Tools” are registered trademarks of Apperbuild, LLC.

This website is operated by Apperbuild, LLC. We have no link to any brokerage firm and we do not provide investment advice. Every information and resource we provide is solely for the education of our readers. © 2020 Apperbuild, LLC. All rights reserved.

No Result
View All Result
  • Main
  • AI & Technology
  • Stock Charts
  • Market & News
  • Business
  • Finance Tips
  • Trade Tube
  • Blog
  • Shop

© 2023 - TradePoint.io - All Rights Reserved!