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2. Tips for filing small business taxes for the first time - AOL

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   If your small business has employees, any payroll costs you incur are tax-deductible. Start-up costs. Depending on the amount, you can write off certain start-up costs, such as purchasing ...

3. 15 Self-Employment Tax Deductions You Should Know - AOL

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   For example; if you have a prospective client meeting at a restaurant to discuss doing business together and spend $200 on food and drinks — you can deduct $100 of the cost on your business tax ...

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

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

   Because business expenses are fully deductible under section 162, taxpayers try to argue that expenses were not start up expenses. The Second Circuit Court of Appeals found that the Tax Court should look at if employment of the taxpayer is in the same trade or business to determine if it is a start-up expense, or a carrying on expense. [11]

5. The biggest tax changes impacting small businesses in 2025 - AOL

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   Small businesses and startups often rely on immediate deductions to manage cash flow. If a startup spends $500,000 on R&D, it could previously deduct the entire amount that year, which makes ...

6. Job-seeking expense tax deductions - Wikipedia

   en.wikipedia.org/wiki/Job-seeking_expense_tax...

   Generally, expenses related to the carrying-on of a business or trade are deductible from a United States taxpayer's adjusted gross income. [1] For many taxpayers, this means that expenses related to seeking new employment, including some relevant expenses incurred for the taxpayer's education, [2] can be deducted, resulting in a tax break, as long as certain criteria are met.

7. Section 179 depreciation deduction - Wikipedia

   en.wikipedia.org/wiki/Section_179_depreciation...

   Under section 179(b)(1), the maximum deduction a taxpayer may take in a year is $1,040,000 for tax year 2020. Second, if a taxpayer places more than $2,000,000 worth of section 179 property into service during a single taxable year, the § 179 deduction is reduced, dollar for dollar, by the amount exceeding the $2,500,000 threshold, again as of ...

8. Opinion - Harris’s tax cut plan shows how startup costs ...

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9. Amortization (tax law) - Wikipedia

   en.wikipedia.org/wiki/Amortization_(tax_law)

   In tax law, amortization refers to the cost recovery system for intangible property.Although the theory behind cost recovery deductions of amortization is to deduct from basis in a systematic manner over an asset's estimated useful economic life so as to reflect its consumption, expiration, obsolescence or other decline in value as a result of use or the passage of time, many times a perfect ...