Deduct It!: Lower Your Small Business Taxes 20th Edition

Reduce Taxes for Your Small Business

Deduct It! shows you how to maximize your business deductions—quickly, easily, and legally. Whether your business is just starting or well established, this book is indispensable to your financial success. It covers deductions for:

• start-up and operating expenses

• travel and meals

• home offices

• medical expenses 

• equipment and inventory

• and more.

Learn the rules for deducting: net operating losses, state income taxes with a pass-through entity, and cryptocurrency given to a charity. This book also has updated information on Section 179 expensing and everything you need to know about the 20% pass-through deduction. Easy to read and full of real-world examples, Deduct It! will pay for itself many times over—especially if the newly beefed-up IRS comes calling.

This edition has a new section on tax credits and deductions for electric vehicles.