Deductible business expenses help entrepreneurs with many of the costs of running a company. Business owners know that most expenditures can be written off, although there may be limits and timing. Check out the most common tax deductions for small business.
Last Spring the IRS released data showing the common deductions taken on sole proprietorship returns. Other entities claim the same types of deductions — C corporations, S corporations, partnerships, and limited liability companies (LLCs), although you may find slightly different rules for some deductions.
