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Deductible for the portion that is used for business. Personal use is not deductible.

100% deductible as ordinary and necessary business expenses.

Wages and benefits given to employees are tax-deductible.

Deductible based on the standard mileage rate or actual expenses. The standard rate for 2023 is 65.5 cents per business mile.

Fully deductible, including fees for lawyers, accountants, and consultants.

100% deductible as long as they are ordinary and necessary for the business.

50% deductible, must be directly related to the active conduct of a trade or business.

Fees from business bank accounts are deductible.

State and local licenses and regulatory fees are deductible.

Costs for repairs and routine maintenance of business property are deductible, improvements are not.

Business insurance premiums are fully deductible.

Corporations can deduct charitable contributions up to 10% of taxable income. Sole proprietors and pass-through entities report contributions on personal tax returns.

Deduction of the cost of business property over its useful life according to IRS schedules.

Deductible if the loan proceeds are used for business purposes.

100% deductible if the business owner is self-employed, not eligible for other employer-sponsored health coverage.

Interest on business debts is fully deductible. For tax years beginning in 2021, the limitation is generally 30% of adjusted taxable income.

Business bad debts are deductible when you can prove the debt is worthless.

Various business taxes are deductible including state and local sales tax, real estate and property tax, and employer taxes.

Contributions to employee retirement plans are deductible within IRS limits.

You can choose to deduct up to $5,000 in business start-up costs and$5,000 in organizational costs in the year the business begins, as long as total start-up costs are $50,000 or less.$

Deductible based on the percentage of the home used for business, under specific IRS rules.

Deductible if they maintain or improve skills required for your current business.

100% deductible for business-related travel. Personal portions of travel are not deductible.

100% deductible for property rent used solely for business.