Running a small business comes with many expenses, but the good news is that the IRS allows you to deduct several of them to reduce your taxable income. Here are the top 5 deductions every small business owner should know:

1. Home Office Deduction – If you use part of your home exclusively for business, you may deduct a portion of rent, utilities, and internet.
2. Business Vehicle Expenses – Mileage or actual car expenses related to your business may be deductible.
3. Supplies & Equipment – Computers, printers, and even office furniture used for business can qualify.
4. Professional Services – Fees paid to accountants, consultants, or legal services are deductible.
5. Marketing & Advertising – Expenses for ads, websites, and social media promotions are deductible business costs.

These deductions can make a huge difference at tax time. Always keep receipts and records to
maximize your refund.