News & Blog
March 18, 2020
15 COMMONLY MISSED TAX DEDUCTIONS
Here are some tax deductions you may not be taking advantage of:
- Business interest on vehicles
- Business interest on credit cards
- Business bank fees
- Business use of internet access fees
- Business use of computers and accessories/software (general tools of your trade)
- Non-cash charity (i.e. donating clothing, artwork, collectibles, etc.)
- Business tolls/parking and tips paid while traveling
- Business gatherings at the home
- Business meals (i.e. doughnuts, bagels, etc.)
- Business events and trade shows
- Office decorations and small appliances
- Business gifts ($25 per year per person)
- Business use of devices/briefcases, etc.
- Higher education expenses and student loan interest
- Business use of publications, magazines, newspapers
If you are wanting to know about more tax deductions that could be saving you on your tax liability, contact us today.