Tax Deductions for Businesses: Maximize Your Savings
Running a business means juggling a lot of responsibilities—employees, clients, revenue, and of course, taxes. One of the best ways to protect your profits and keep more money in your business is by maximizing the tax deductions available to you. Business tax deductions are IRS-allowed expenses that reduce taxable income, ultimately lowering the amount of tax you owe. Missing out on them can directly cut into your bottom line. In this guide, we’ll cover 30+ deductions you might be overlooking, highlight common mistakes, and show you how to use deductions strategically to minimize your tax burden.