Deductible Business expenses are the cost of running and operating a business. These expenses are generally deductible if the business operates to make a profit.
Deductible expenses can include business expenses that are both ordinary and necessary.
An ordinary expense is one that is common and accepted by your trade of business.
A necessary expense is one that is helpful and appropriate for your trade of business.
Some examples of deductible business expenses include
It is important to note what tax deductions you qualify for and best practice is to consult with your CPA or Tax professional.