Knowing which expenses your LLC can deduct is fundamental to maintaining healthy business finances. Every legitimate business expense you properly document and deduct reduces your taxable income, ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

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Auto insurance can be tax deductible when you use your vehicle for business. Learn what you can write off and how to find the ...

Form 8829 is used to claim the home office deduction by calculating the business-related portion of home expenses. Self-employed individuals and freelancers can deduct costs such as rent, utilities ...

LLC expenses cheat sheet: 16 tax write-offs for businesses Knowing which expenses your LLC can deduct is fundamental to maintaining healthy business finances. Every legitimate business expense you ...

Not all expenses receive equal treatment under tax law. Deductible LLC expenses, also known as write-offs, are business-related costs that the IRS allows you to subtract from revenue, lowering your ...