Tax Write-Offs for Businesses
A tax write-off is a business expense that may reduce taxable income when it is ordinary, necessary, and properly documented.
Common write-off categories
- Vehicles, mileage, and transportation
- Equipment, software, and subscriptions
- Business insurance and professional services
- Travel and eligible business meals
- Office supplies and home office expenses
- Marketing and advertising
How to protect your deductions
- Keep receipts and invoices for each expense
- Record business purpose at the time of purchase
- Track business-use percentages for mixed-use assets
- Store documentation in one organized system