Below, let’s explore critical small business tax deductions, breaking them down by category to help maximize your savings. Everyday items such as pens, printer ink, and paper, as well as larger ...

Once that cap is reached, the deduction decreases on a dollar-for-dollar basis. Companies can purchase or finance eligible new and used business equipment, and deduct 100 percent of the purchase ...

serves on the House Ways and Means Committee and is the lead sponsor of the Main Street ... saying the current tax deduction allows small businesses to compete with larger corporations and in ...