Business Deduction Guides

See what business expenses may be deductible, how to document them properly, and how to maximize legal write-offs for your LLC.

Deduction FAQs

An LLC can deduct ordinary and necessary business expenses including home office, vehicle use, software, contractor payments, business travel, meals (50%), marketing, insurance, professional services, and more.
The home office deduction allows you to deduct a portion of your home expenses (rent, mortgage interest, utilities) based on the percentage of your home used regularly and exclusively for business. There are two methods: simplified ($5/sq ft, up to 300 sq ft) or regular (actual expenses).
Yes. The IRS allows you to deduct up to $5,000 in startup costs and $5,000 in organizational costs in your first year. Costs exceeding those limits must be amortized over 180 months.
Yes, you should keep receipts and records for all business deductions. For expenses over $75, you generally need a receipt. The IRS can audit up to 3 years back (6 years in some cases), so keep records accordingly.

Disclaimer: Information on this site is for educational purposes only and does not replace advice from a qualified CPA, attorney, financial advisor, or tax professional. Laws and rules change frequently. Always verify with official sources.