75+ Tax Write-Offs for Business Owners
Our most frequently asked question during tax season is, “Can I write that off?”
When it comes to tax deductions for business owners, the best way to ensure that an expense can be written off as a tax deduction is to ask us—people who are familiar with your unique business and the tax code.
For an expense to be deductible, it must be both ORDINARY and NECESSARY for your business.
Per the IRS, "An ordinary expense is one that is common and accepted in your industry. A necessary expense is one that is helpful and appropriate for your trade or business. An expense does not have to be indispensable to be considered necessary."
With that being said, I've compiled a list of 75+ expenses that could be deductible for you.
The Expenses
(1) Must be for business use.
(2) Must be tailored to your industry.
(3) Must be for a business purpose AND away from your tax home.
If doing your taxes isn’t for you, reach out to us for help. We have been helping business owners like you with their taxes for years.