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Self Employment Business DeductionsNavigation: Home > Tax Law > Self Employment Business Deductions
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You can deduct certain business expenses on Schedule C (or Schedule C-EZ if you have business expenses of $2,500 or less). You can deduct a variety of expenses, including car expenses, health insurance expenses, interest paid on business debts, rent on business property, real estate and personal property taxes, certain travel/meals/entertainment expenses, utilities, wages paid to family members who work for you, and professional expenses. You cannot, however, deduct expenses incurred during time you are not in business. |
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