Small business owners have no shortage of responsibilities: marketing, payroll, HR, IT services, and more. For busy entrepreneurs, especially those not well-versed in the financial sphere, tax season may feel daunting. Fortunately, small business owners are often eligible for several business tax deductions. Here are 12 tax deductions that could help your business save some money this tax season.
Home office
The IRS allows business owners, including self-employed freelancers and independent contractors, who utilize a home office for their business to deduct certain expenses that go into furnishing and maintaining it. The amount you can deduct will depend on the size of the home office in square footage.
