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Deductibles and non deductible taxes Understanding and categorizing your tax expenses into deductibles and non-deductibles can significantly impact your taxes. Here are some common deductible and non-deductible expenses for small business owners: ✅Deductible Expenses: ✅Travel: Costs incurred during business-related trips. ✅Meals: Expenses for business-related dining. ✅Vehicle-related expenses: Costs associated with business-related vehicle use. ✅Office supplies: Expenditures on necessary supplie
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