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15 COMMONLY MISSED TAX DEDUCTIONS

15 COMMONLY MISSED TAX DEDUCTIONS

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  1. Business interest on vehicles
  2. Business interest on credit cards
  3. Business bank fees
  4. Business use of internet access fees
  5. Business use of computers and accessories/software (general tools of your trade)
  6. Non-cash charity (i.e. donating clothing, art work, collectibles, etc.)
  7. Business tolls/parking and tips paid while traveling
  8. Business gatherings at the home
  9. Business meals (i.e. doughnuts, bagels, etc.)
  10. Business entertainment (i.e. golf outings and other events)
  11. Office decorations and small appliances
  12. Business gifts ($25 per year per person)
  13. Business use of devices/briefcases, etc.
  14. Higher education expenses and student loan interest
  15. Business use of publications, magazines, newspapers
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