30 tax deductions you might overlook


30 tax deductions you might overlook

Watch out for deductions that fall through the cracks. Here's a list of out-of-the-ordinary deductible business expenses you might overlook:

  1. Advertising and promotion expenses.
  2. Alarm system for business items kept at home.
  3. Audio, videotapes and DVDs enhancing business skills.
  4. Bad business debts (to the extent they are worthless).
  5. Bank service charges.
  6. Beverage and snack services.
  7. Business interruption insurance.
  8. Commissions to salespeople.
  9. Computer software used for business.
  10. Consulting fees.
  11. Credit bureau fees.
  12. Gifts to business clients (limited to $25 per recipient).
  13. Home entertainment expenses for business-related entertainment.
  14. Internet service-provider fees.
  15. Legal fees (including related administrative costs).
  16. Long-distance business calls.
  17. Office supplies.
  18. Online computer services (business-related).
  19. Pagers and beepers.
  20. Passports for business use.
  21. Petty cash expenditures.
  22. Postage, delivery and freight charges.
  23. Professional association dues.
  24. Property and casualty insurance.
  25. Refresher courses for your current job.
  26. Repairs of business equipment.
  27. Seminars and trade shows.
  28. Subscriptions relating to your business.
  29. Taxicab and bus fares.
  30. Telephone line for business at home.
  31. Travel incidentals (laundry, airport shuttles, tips, etc.).

Content provided by: Business Management Daily.
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