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25 Small Business Tax Deductions

Ross Pitcoff Law

As a business owner, you understand that business expenses come up fairly frequently. We’re here to help you understand what you as a small business owner can actually write-off as a tax deduction that will help lower the amount of money you may owe on your income taxes.

25 Small Business Tax Deductions:

  1. Business Meals
    1. You may deduct 50% of food and drink purchases that qualify.
  2. Work-Related Travel Expenses
  3. Work-Related Car Use
    1. You may only deduct the business usage of the vehicle.
  4. Business Insurance
  5. Home Office Expenses
    1. Home-based businesses and freelancers may deduct $5 per square foot of your home that’s used for business purposes.
    2. You may deduct up to 300 square feet total.
  6. Office Supplies
    1. This includes postage and shipping costs.
  7. Phone and Internet Expenses
  8. Business Interest and Bank Fees
  9. Depreciation:
    1. “Big Ticket Items” such as:
      1. a car and some type of machinery.
  10. Professional Service Fees
  11. Salaries and Benefits
  12. Charitable Contributions
  13. Education
  14. Child and Dependent Care
    1. If your child(ren) is/are twelve years old or younger, you may write-off costs associated with their care.
  15. Energy Efficiency Expenses
    1. You may claim 30% of the cost of alternative energy equipment for your home – this includes:
      1. solar water heaters, solar panels and wind turbines.
  16. Investments
  17. Foreign-Earned Income Exclusion
  18. Medical Expenses
  19. Real Estate Taxes
    1. Property taxes are included
    2. You may claim up to a total of $10,000.
  20. Mortgage Interest
  21. Moving Expenses
    1. Your new job must be at least 50 miles farther from your current home than your old job location was from your previous home.
  22. Retirement Contributions
  23. Advertising and Promotions
  24. Client and Employee Entertainment
    1. You may deduct 50% of the cost of entertainment expenses and as much as 100% of the cost for social events held for your employees.
  25. Start-Up Expenses
    1. You may deduct up to $5,000 in start-up expenses that you incurred during the lead up to your business launch.

At Ross Pitcoff Law, we provide comprehensive tax preparation services to help you complete your filing quickly and accurately. Our experienced team of tax professionals can assist with filing your return, ensuring you claim all available deductions and credits, and handling any disputes that may arise. We also offer tax planning services to help you save money and avoid any potential issues.

If you’re looking for an experienced and reliable tax preparer, look no further, email: ross@rosspitcofflaw.com, call: (646) 386-0990, or visit our website: www.rosspitcofflaw.com today. We would be happy to assist you.


I began my work with Ross Pitcoff over five (5) years ago that had to deal with a personal real estate matter. He now manages all of the current and future legal matters for my business. Mr. Pitcoff is absolutely...

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Ross Pitcoff is a phenomenal lawyer to work with! Mr. Pitcoff helped me not only with writing contracts for my business but also dealing with my clients as well. One (1) example of how he really knows how to support you...

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Ross Pitcoff is a rockstar when it comes to securities and cryptocurrency matters! My matter has been a very complex and sensitive one. When it comes to my matter and when dealing with a foreign cryptocurrency case, he...

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Jennifer Harrington is an extremely passionate lawyer and works hard for her clients! She has been going above and beyond to meet my needs, as well as her other client’s needs as well. I highly recommend contacting Ms...

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