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2. 20 valuable small-business tax deductions - AOL

   www.aol.com/finance/20-valuable-small-business...

   For 2023 taxes, you can deduct 65.5 cents per mile. For 2024 taxes, you can deduct 67 cents per mile. If you have only one vehicle and use it for both personal and business needs, you need to ...

3. 5 Unexpected Tax Deductions Every Small Business Owner ... - AOL

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   Here are five unexpected tax deductions every small business owner should keep in mind before filing. 1. Gym Memberships. Generally, gym memberships are not tax deductible. However, there are ...

4. America's Small Business Tax Relief Act of 2014 - Wikipedia

   en.wikipedia.org/wiki/America's_Small_Business...

   The America's Small Business Tax Relief Act of 2014 ( H.R. 4457) was a bill that would amend section 179 of the Internal Revenue Code, which mostly affects small- to medium-sized businesses, to retroactively and permanently extend from January 1, 2014, increased the cap on the amount of investment that can be immediately deducted from taxable ...

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

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

   e. Section 162 (a) of the Internal Revenue Code ( 26 U.S.C. § 162 (a)), is part of United States taxation law. 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 ...

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

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   Write-offs are a specialized form of tax deduction. When a business spends money on equipment or operating expenses, it can deduct that spending from its taxes. The same is true when a business ...

7. Write-off - Wikipedia

   en.wikipedia.org/wiki/Write-off

   In income tax calculation, a write-off is the itemized deduction of an item's value from a person's taxable income. Thus, if a person in the United States has a taxable income of $50,000 per year, a $100 telephone for business use would lower the taxable income to $49,900. If that person is in a 25% tax bracket, the tax due would be lowered by ...