Business Tax Deductions: A-to-Z Guide
A comprehensive alphabetical guide to business tax deductions every small business owner should know about.
Business Tax Deductions: A-to-Z
A – Advertising and Marketing
All costs of promoting your business: digital ads, print materials, website costs, social media.
B – Bad Debts
Amounts owed to you that you cannot collect (accrual basis businesses).
C – Car and Truck Expenses
Business use of vehicles via standard mileage rate (67 cents/mile) or actual expenses.
D – Depreciation
The cost of business assets deducted over their useful life (or immediately via Section 179).
E – Employee Benefits
Health insurance, retirement contributions, FSAs, HRAs for employees.
F – Freight and Shipping
Costs to ship products to customers or receive supplies.
G – Gifts to Clients
$25 per recipient per year limit.
H – Home Office
Dedicated space in your home used exclusively for business.
I – Insurance
Business liability, property, professional liability (E&O), workers' comp.
J – Janitorial/Cleaning
Cleaning services for your business premises.
L – Legal and Professional Fees
Attorney, CPA, consultant fees for business purposes.
M – Meals (Business)
50% of qualifying business meals.
O – Office Supplies
Paper, pens, printer ink, etc.
P – Professional Development
Courses, books, conferences related to your business.
R – Rent
Rent for office, retail, or warehouse space.
S – Software Subscriptions
Cloud software, SaaS tools, business apps.
T – Travel
Flights, hotels, ground transportation for business travel.
U – Utilities
Electricity, gas, water for your business location.
W – Wages and Salaries
Pay to employees, plus associated payroll taxes.
Missing deductions? Bring your records to K2 Tax Solutions for a thorough review.