36 Small Business Tax Deductions

If you’re like most business owners, you’re always looking for ways to reduce your tax liability. One way to do this is to take advantage of as many business tax deductions as you can. The list of these deductions is extensive, and knowing which items are on that list is good preparation for meeting with your tax preparer (and we urge you to use one) at tax time.

What are small business tax deductions?

Small business tax deductions are allowable expenses that can reduce your business’s taxable income. These deductible business expenses are also referred to as tax write-offs.

The IRS taxes businesses on their net income, which is calculated by subtracting business expenses from gross income. Many operating expenses are tax deductible, but some are not or are deductible only under certain conditions.

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