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2. Tax Deductions for Small Businesses - AOL

   www.aol.com/finance/tax-deductions-small...

   Fortunately, small business owners are often eligible for several business tax deductions. Here are 15 tax deductions that could help your business save some money this tax season.

3. 20 valuable small-business tax deductions - AOL

   www.aol.com/finance/20-valuable-small-business...

   Bankrate insight. A marketing business owner travels across the U.S. to meet clients. In 2023, they traveled 5,000 miles in total. They can deduct $3,275 ($0.655 for 2023 standard mileage rate x ...

4. Should you itemize or take a standard deduction on your tax ...

   www.aol.com/news/itemize-standard-deduction-tax...

   For the vast majority of tax filers, the standard deduction is the way to go. ... A simplified employee pension fund is something many small business owners have.

5. Standard deduction - Wikipedia

   en.wikipedia.org/wiki/Standard_deduction

   For dependents, the standard deduction is equal to earned income (that is, compensation for services, such as wages, salaries, or tips) plus a certain amount ($400 in 2023). A dependent's standard deduction cannot be more than the basic standard deduction for non-dependents, or less than a certain minimum ($1,250 in 2023).

6. What Is the Standard Deduction Amount for 2022-2023 and When ...

   www.aol.com/finance/difference-between-standard...

   Here are the standard deductions for the 2022 and 2023 tax years: Single: $12,950 for 2022, $13,850 for 2023. Married, filing jointly: $25,900 for 2022, $27,700 for 2023.

7. A Guide to Small Business Tax Deductions - AOL

   www.aol.com/news/guide-small-business-tax...

   If you own a small business and run it for a profit, you can likely deduct the costs incurred. Small business tax deductions reduce your taxable profits and, therefore, business taxes. From home ...