• Create BookmarkCreate Bookmark
  • Create Note or TagCreate Note or Tag
  • PrintPrint

Business Deductions

All businesses are entitled to a variety of deductions. The IRS says that an item or expense is deductible if it is “ordinary, necessary, and reasonable” for a business to run. The following is a list of possible business deductions that are good for the year in which the expense is incurred. For more information, we suggest you speak to your accountant, or tax advisor (both are tax deductible) or visit the IRS website.

Advertising giveaways (promotional items)

Advertising expenses

Answering service

Association and memberships dues

Automobile mileage

Bank charges


Business cards

Business directories

Business gifts

Business insurance fees

Business telephone

Business trip expenses (hotel, food, transportation)

Cellular telephone

College courses


Consultant fees

Copyright registration fee

Employee salaries

Equipment charges and repairs

Interest on business credit cards

Interest on business loans

Internet access and online service fees

Journals, periodicals, and books related to your business

Licenses and certification fees

Office furniture and equipment

Office maintenance and repairs

Office supplies

Payroll taxes

Postal and shipping charges

Postal supplies (boxes, labels, envelopes)

Professional fees (accountant, lawyer, bookkeeper)

Publicity and public relations charges

Seminars, workshops, and conferences

Start-up costs


Training tapes

Tolls and parking fees



Not a subscriber?

Start A Free Trial

  • Creative Edge
  • Create BookmarkCreate Bookmark
  • Create Note or TagCreate Note or Tag
  • PrintPrint