For the complete documentation index, see llms.txt
For the complete documentation index, see llms.txt
What tax deductions can I claim for my business?
You can generally deduct ordinary and necessary business expenses, meaning costs that are common in your industry and directly help you run your business. Common examples include software and subscriptions, marketing and advertising, professional fees (like legal, accounting, or bookkeeping services), and a portion of home office costs if you qualify.
What you can deduct depends on your entity type, how the expense is used in your business, and your specific facts, so keep organized records (receipts, invoices, and a clear business-versus-personal split) throughout the year to support every deduction you claim. A tax professional can help you confirm which deductions apply to your situation.