Write-Offs for Entrepreneurs
1) Home Office Deduction
2) Self-Employment Tax Deduction
3) Depreciation Deduction
4) 20% Pass-Through Deduction
5) Vehicle Tax Deduction
6) Travel Expense Deduction
7) Business Meals Deduction
8) Hiring Your Children
9) Employee Salaries and Contract Labor
10) Employee Benefit Programs
11) 401K Contributions
12) Retirement Pension Contributions
13) Health Savings Account
14) Health Insurance Premiums
15) Business Insurance Deduction
16) Advertising Expenses
17) Education Expenses
18) Cell Phone Deduction
19) Rent or Lease Expense
20) Renting Your Personal Residence
21) Utilities Expense
22) Office and Technology Expenses
23) Repairs and Maintenance
24) Legal and Professional Service Fees
25) Bank Fees
26) Merchant Processing Fees
27) Business Loan Interest Deduction
28) Startup and Organization Cost Deduction
29) Cost of Goods Sold
30) Charitable Contributions
31) Tax Preparation Fees
32) Business Taxes
33) The Deductions You’re Not Creating
34) Everything Else
More information on each of these deductions.
FROM THE IRS