When it comes to reducing business income for tax purposes, the tax deduction is one of the most popular methods.
You can deduct some of the money you spend on business and lower your taxable income.
However, it’s important that you understand what makes an expense tax deductible for business purposes. Otherwise, you could find yourself red-flagged by the IRS.
But What Business Expenses are Tax Deductible?
Ordinary and Necessary Expenses
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