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2. 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 ...

3. Taxation of illegal income in the United States - Wikipedia

   en.wikipedia.org/wiki/Taxation_of_illegal_income...

   v. t. e. Taxation of illegal income in the United States arises from the provisions of the Internal Revenue Code, enacted by the U.S. Congress in part for the purpose of taxing net income. [ 1] As such, a person's taxable income will generally be subject to the same federal income tax rules, regardless of whether the income was obtained legally ...

4. Internal Revenue Code section 162(a) - Wikipedia

   en.wikipedia.org/wiki/Internal_Revenue_Code...

   t. e. Section 162 (a) of the Internal Revenue Code ( 26 U.S.C. § 162 (a)), is part of United States taxation law. It concerns deductions for business expenses. It is one of the most important provisions in the Code, because it is the most widely used authority for deductions. [1] If an expense is not deductible, then Congress considers the ...

5. Taxation in the United States - Wikipedia

   en.wikipedia.org/wiki/Taxation_in_the_United_States

   This income is reduced by tax deductions including most business and some nonbusiness expenses. Individuals are also allowed a deduction for personal exemptions, a fixed dollar allowance. The allowance of some nonbusiness deductions is phased out at higher income levels.

6. A Guide to Small Business Tax Deductions - AOL

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   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 ...

7. Take advantage of these 15 commonly missed tax deductions - AOL

   www.aol.com/finance/advantage-15-commonly-missed...

   You might be able to deduct some of your expenses by claiming another useful tax credit — the lifetime learning credit, which allows you up to $2,000 in the form of a tax credit if your income ...