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Tax Topic 15 - Deducting Business
Expenses
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In this
tax topic you will learn how deduct common business expenses and what
is and is not deductible. In this tax lesson you'll also become aware
of the specific expenses that are deductible. Business expenses are
the costs of carrying on a business and they are normally deductible
as long as the business is operated to make a profit. Here, you will
learn what you can deduct, and how much to deduct when there are
limits and when you can deduct the business expenses. In addition, you
will encounter information on not-for-profit activities and the
limitations imposed on them.
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