Jon Kowieski for Brex
LLC expenses cheat sheet: 16 tax write-offs for businesses
Knowing which expenses your LLC can deduct is fundamental to maintaining healthy business finances. Every legitimate business expense you properly document and deduct reduces your taxable income, which lowers your tax bill and helps your company keep more of its money. For LLC owners, this can fund growth, operations, or simply improve the bottom line.
New LLC owners often struggle to distinguish between deductible and non-deductible expenses. This confusion can cost thousands in missed opportunities or, worse, trigger unwanted attention from the IRS. To be fair, the rules aren't always intuitive. Why can you deduct 50% of a business meal but nothing for client entertainment? Why does your commute to the of