BUSINESS DEDUCTIONS

VEHICLE (Standard miles)

PARKING FEES/TOLLS PAID

VEHICLE LOAN INTEREST

ACTUAL VEHICLE EXPENSES (Oil changes, gasoline, tires, insurance, etc. and Depreciation)

CELL PHONE *Business usage

FAX, EMAIL, E-SIGNATURE, PHONE SERVICES, & VIRTUAL ASSISTANTS

PAYMENTS MADE TO EMPLOYEES OR CONTRACTORS WORKING FOR YOU

COMMISSIONS OR REFERRAL FEES PAID to others

ADVERTISING (business cards, ads, websites, free samples given away, signs)

COMPUTER OR ELECTRONIC DEVICES necessary to run your business

PRINTER (ink)

OFFICE SUPPLIES

BUSINESS SPACE RENTAL FEES

BUSINESS CHECKING ACCOUNT FEES

CREDIT CARD INTEREST paid for business expenses

MEMBERSHIP FEES/DUES to keep a business license

CONTINUING EDUCATION COURSES/MATERIALS

TRAINING FEES

BUSINESS LICENSE FEES

LEGAL FEES associated with your business

BUSINESS START UP FEES (LLC creation)

POSTAGE

AIR FARE, CAR RENTAL, AND HOTEL EXPENSES ASSOIATED WITH BUSINESS TRIPS

DRY CLEANERS

CAR WASHES

UBER/LYFT/TAXI RIDES ASSOCIATES WITH BUSINESS TRIPS

UNIFORMS WORN ONLY FOR BUSINESS (can’t be worn as regular clothes)

TOOLS

SUPPLIES/MATIERALS necessary to run a business

HEALTH INSURANCE IF SELF-EMPLOYED

ERRORS & OMMISSIONS INSURANCE

BUSINESS INSURANCE

COMPUTER REPAIR/BUSINESS EQUIPMENT REPAIRS

BUSINESS LUNCHES with clients and (MEALS) for overnight stays, holiday parties, or catered events

GIFTS FOR PROSPECTS AND CLIENTS (up to $25 each)

LOSS FROM NON-PAYING CUSTOMERS FOR MATERIALS OR SERVICES RENDERED

EXPIRED INVENTORY

BUSINESS (RAN OUT OF THE HOME) EXPENSES

RENT PAID OR MORTGAGE INTEREST

HOMEOWNERS INSURANCE OR RENTERS INSURANCE

REPAIRS/MAINTENANCE ON THE HOME OR RENTAL

ELECTRIC, GAS, WATER, TRASH BILLS

CABLE/INTERNET BILLS

GROCERIES, MOVIES, ENTERTAINMENT (FOR DAYCARE PROVIDERS ONLY)