Business Deductions For 2025 – Mileage or vehicle expenses. Retirement savings. Insurance premiums. Office supplies. Home office expenses. Credit card and loan interest. Phone and internet costs. Business meals. Business . S. citizens racking their brains for income-tax deductions gasped last week at the ingenuity of fertile-minded Cinemagnate Joseph M. Schenck, who went on trial in Manhattan charged with evading .
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Business Deductions For 2025 25 Small Business Tax Deductions To Know in 2025: The IRS will start auditing a few dozen of their corporate owners, selected with the help of technology that combs businesses’ deductions for suspicious patterns. The audit campaign, the IRS . Small businesses can lower their tax liability by taking advantage of tax breaks, tax credits and charitable donations. Here are some options. .