As a self-employed individual / business owner, you are allowed to deduct expenses that are necessary and relevant to your business. Every tax season business owners (small and large) neglect to maximize their chances of a sizable tax return because they overlook qualified deductions that they could have taken. Remember: "Uncle Sam" is not out to just give away money. But if you claim tax deductions fairly and legitimately, then there should be no issue with the government crediting your money to you -- It's the law!
Below is a list of tax deductions for you to consider. Use this tax write off list as a checklist/reference. All may not apply to your particular situation. And some tax deductions may be limited. Consult your tax professional or a authorized IRS tax service for maximum results.
Overhead- Office Rent / Home Office
- Utilities
- Phone / Cell Phone
- Equipment
- Supplies
- Insurance
- Internet Service
- Computer & Related Expenses
- Fax Machine
- Copier / Printer
- Maintenance & repairs
- Upkeep (sanitation, landscaping, etc.)
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