Tax Resources
 

List of tax deductions for business

List of tax deductions for business - starting with C

  • Cafeteria plan - requires written plan
  • Capital asset sale - losses
  • Car and taxi fares
  • Casualty damages such as:
    • bombardment
    • fire
    • storm
    • hurricane
    • wind
    • rain
    • ice
    • heat
    • drought
    • forest fire
    • freezing of property
    • impairment or collapse of property
  • Charitable contributions
  • Checking account bank charges
  • Child care - requires written plan
  • Children's salaries
  • Christmas presents to employees, customers, and prospects for advertising or publicity purposes, or goodwill, or if customary in the trade
  • Collection expenses, including attorney's charges
  • Commissions on sales of securities by dealers in securities
  • Commissions paid to agents
  • Commissions paid to employees for business purposes
  • Commissions paid to sales people
  • Condemnation expenses
  • Contributions (deductible if made to organization founded for the following purposes, subject to some limitations):
    • religion
    • charitable
      scientific
    • literary
    • educational
    • prevention of cruelty to children and animals
  • Convention expenses, cost of attending conventions
  • Cost of goods
  • Credit report costs

Tax Questions