Small Business Tax Deductions Checklist: All You Need to Know About Tax Deductions
Snyder
FEBRUARY 7, 2023
You can deduct it on Schedule C of Form 1040, Profit or Loss From Business (Sole Proprietorship) or on your applicable business income tax return. Besides, business owners can deduct their payroll tax. It doesn’t apply to the federal taxes or the FICA taxes, only to an employer portion of the payroll tax.
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