Table of Contents
- Expenses that are typically Tax Deductibles
- Common Tax Deductible Questions
- Non-Deductible Expenses
- Is Business/Office Rent Tax Deductible?
- Are Groceries Tax Deductible for Business?
- Are Late Fees Tax Deductible for Businesses?
- Is Office Space Tax Deductible?
List of Expenses that are typically Tax Deductibles
This is a list of expenses that are typically deductible business expenses for small businesses and startups…
| Expense Category | Examples |
| Office Supplies | Pens, paper, staplers, printer ink, business cards |
| Equipment | Computers, printers, office furniture, machinery |
| Travel | Airfare, hotels, rental cars, meals during business trips |
| Vehicle Expenses | Mileage, fuel, maintenance, parking fees |
| Home Office | Portion of rent/mortgage, utilities, insurance |
| Professional Services | Legal fees, accounting services, consulting |
| Marketing and Advertising | Online ads, billboards, promotional materials |
| Insurance | Business liability, health insurance for employees |
| Meals and Entertainment | Client dinners, office parties (50% deductible) |
| Education and Training | Courses, workshops, conferences related to business |
| Rent | Office space, equipment rentals |
| Utilities | Electricity, water, internet, phone services |
| Employee Salaries | Wages, bonuses, benefits |
| Software and Subscriptions | Accounting software, industry-specific tools |
| Startup Costs | Market research, product development, business formation fees |
| Interest and Bank Fees | Business loan interest, credit card fees |
| Depreciation | Write-offs for long-term assets |
| Bad Debt | Uncollectible invoices from customers |
| Taxes and Licenses | Business licenses, permits, property taxes |
| Repairs and Maintenance | Office repairs, equipment maintenance |
Common Tax Deductible Questions we often get asked:
- Is Business/Office Rent Tax Deductible?
- Yes
- Are Groceries Tax Deductible for Business?
- No
- Are Late Fees Tax Deductible for Businesses?
- Yes
- Is Office Space Tax Deductible?
- Yes
List of Non-Deductible Expenses
See our list of non-deductible business expenses
| Category | Non-Deductible Expenses |
| Personal | Personal clothing, residential landline telephone, commuting costs… |
| Entertainment | Client entertainment (e.g., concerts, sporting events)… |
| Travel | Expenses for accompanying guests on business trips… |
| Legal & Fines | Penalties, traffic tickets, fines imposed by government agencies… |
| Political | Lobbying expenses, political contributions, campaign expenses… |
| Insurance | Life or disability insurance premiums (if the business is the beneficiary)… |
| Commuting | Daily travel between home and workplace… |
| Luxury Items | Extravagant purchases not essential for business operations… |
| Home Office | Mortgage payments, property taxes (unless meeting specific criteria)… |
| Miscellaneous | Volunteer hours, personal hobbies, expenses for activities without profit motive… |