Running a business comes with expenses—but many of those costs can reduce your tax bill. From office supplies to professional services, understanding which business expenses are deductible can save you thousands each year.
Common business deductions include advertising costs, employee wages, business insurance, travel expenses, equipment purchases, and professional fees. However, the IRS has specific rules about what qualifies and how to document these expenses properly.
Whether you’re a sole proprietor, LLC, or corporation, knowing what you can legitimately deduct is essential for maximizing your tax savings while staying compliant. Explore our comprehensive guides below to discover which business expenses you’re entitled to claim.
Discover the current IRS rules for deducting business meal expenses, what percentage you can claim, and what documentation you need to keep for client dinners and business lunches.
Learn how self-employed individuals and business owners can deduct their mobile phone expenses based on business use percentage, including monthly service fees and device costs.
Understand the two methods for deducting vehicle costs—standard mileage rate vs. actual expenses—and which option saves you more money based on your situation.
Find out how to deduct payments to lawyers, accountants, consultants, and other professional service providers as business expenses.
We use cookies to analyze website traffic and optimize your website experience. By accepting our use of cookies, your data will be aggregated with all other user data.