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Here are 15 tax deductions that could help your business save some money this tax season. [Read more: 5 Types of Tax Forms Every Small Business Owner Should Know ] Home office
Bankrate insight. A marketing business owner travels across the U.S. to meet clients. In 2023, they traveled 5,000 miles in total. They can deduct $3,275 ($0.655 for 2023 standard mileage rate x ...
Here are a few lesser-known small business tax deductions that can help lower your self-employment taxes: 12. Qualified Business Income (QBI)
Small business owners looking to reduce their tax burden can take advantage of several money-saving deductions. Major tax preparation providers like TaxAct, TurboTax and H&R Block offer software ...
State income or sales and local tax: Though the state and local tax (SALT) deduction was capped at a combined $10,000 as of 2017, this deduction is still available to those who itemize.
If you own a small business and run it for a profit, you can likely deduct the costs incurred. Small business tax deductions reduce your taxable profits and, therefore, business taxes. From home ...
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