Reduce your taxes

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 business bad debts. This book also has updated information on Section 179 expensing and bonus depreciation, as well as 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 IRS comes calling.

This edition has an updated section on tax credits and deductions for electric vehicles as well as guidance on filing a beneficial ownership information report with the federal government.