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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. I'm a Business Owner. What Expenses Can I Write Off on ... - AOL

   www.aol.com/write-off-expenses-businesss-taxes...

   A tax write-off is how businesses account for expenses, losses and liabilities on their taxes. Write-offs are a specialized form of tax deduction. When a business spends money on equipment or ...

4. 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 ...

5. Tax deduction - Wikipedia

   en.wikipedia.org/wiki/Tax_deduction

   A tax deduction or benefit is an amount deducted from taxable income, usually based on expenses such as those incurred to produce additional income. Tax deductions are a form of tax incentives, along with exemptions and tax credits. The difference between deductions, exemptions, and credits is that deductions and exemptions both reduce taxable ...

6. IRS tax forms - Wikipedia

   en.wikipedia.org/wiki/IRS_tax_forms

   1040. As of the 2018 tax year, Form 1040, U.S. Individual Income Tax Return, is the only form used for personal (individual) federal income tax returns filed with the IRS. In prior years, it had been one of three forms (1040 [the "Long Form"], 1040A [the "Short Form"] and 1040EZ - see below for explanations of each) used for such returns.

7. Subscription business model - Wikipedia

   en.wikipedia.org/wiki/Subscription_business_model

   The subscription business model is a business model in which a customer must pay a recurring price at regular intervals for access to a product or service. The model was pioneered by publishers of books and periodicals in the 17th century, [1] and is now used by many businesses, websites [2] and even pharmaceutical companies in partnership with ...

8. 13 Tax Deductions You Can Take Without Itemizing - AOL

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   To help soften the blow, the IRS allows business owners to deduct the employer portion of the self-employment tax as an above-the-line deduction. Health Insurance Premiums for the Self-Employed

9. Public policy limitation on deduction for business expenses

   en.wikipedia.org/wiki/Public_Policy_Limitation...

   Deduction for business expenses. Section 162(a) of the Internal Revenue Code allows for taxpayers to deduct from their gross income ordinary and necessary expenses paid or incurred in carrying on a trade or business. Taxpayers seeking to minimize the size of their gross income for tax purposes have a strong incentive to deduct as much as ...