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2. 15 Self-Employment Tax Deductions You Should Know - AOL

   www.aol.com/15-self-employment-tax-deductions...

   This deduction can have a massive impact on your small business taxes. 10. Marketing ... self-employment tax deduction, travel expenses, business insurance, car expenses, business loan interest ...

3. I'm a Business Owner. What Expenses Can I Write Off on My Taxes?

   www.aol.com/finance/write-off-expenses-businesss...

   A tax write-off is how businesses account for expenses, losses and liabilities on their taxes. Write-offs are a specialized form of tax deduction. When a business spends money on equipment or ...

4. Taxes 2022: How Small Businesses Can Deduct Home Office Expenses

   www.aol.com/taxes-2022-small-businesses-deduct...

   If you're self-employed and use part of your home for business purposes, you may be able to deduct certain related expenses. To claim the home office deduction on your 2021 tax return, the IRS says...

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

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

   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 cost to be a consumption expense. Section 162(a) requires six different elements in order to claim a deduction.

6. Tax deduction - Wikipedia

   en.wikipedia.org/wiki/Tax_deduction

   334 Business expenses: Tax Guide for Small Business; 463 Travel and entertainment deductions; 501 Exemptions and standard deduction; 529 Miscellaneous deductions; 565 Business Expenses; 936 Home mortgage interest; 946 Depreciation; A few relevant forms (also see related instructions) Form 1040 (individual tax return), Schedules C (business) and ...

7. Above-the-line deduction - Wikipedia

   en.wikipedia.org/wiki/Above-the-line_deduction

   Internal Revenue Code Section 62(a)(1) allows above-the-line deductions for most ordinary and necessary business expenses which are attributable to a trade or business carried on by the taxpayer, if such trade or business does not consist of the performance of services by the taxpayer as an employee. I.R.C. 162(a).

8. Can Small Businesses Deduct Expenses Paid With PPP? - AOL

   www.aol.com/small-businesses-deduct-expenses...

   "The answer to this one is actually exciting, and yes," said Misty Erickson, Tax Research Manager at the National Association of Tax Professionals. If you’re a small business owner, you can ...

9. Internal Revenue Code section 132(a) - Wikipedia

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

   Provision of tax-free qualified transportation fringe benefits to employees on or after January 1, 2018 is not tax-deductible to the employer as an ordinary business expense. [18] Per the Tax Cuts and Jobs Act of 2017, Tax-exempt employers must report tax-free qualified transportation fringe benefits provided to employees on or after January 1 ...