Question 1

Can I write off my car?

Accepted Answer

You can deduct the business use, using either the standard mileage rate or a share of actual costs. Keep a mileage log.

Question 2

Can I deduct my phone?

Accepted Answer

The business-use share of your phone and service can be deductible. Personal use isn’t.

Question 3

What business expenses can I deduct?

Accepted Answer

Ordinary and necessary costs of running your business, like supplies, software, advertising, fees, business mileage and the business share of phone and internet.

Question 4

Can I deduct a home office?

Accepted Answer

If a specific area of your home is used regularly and only for business. A simplified method based on square footage is available.

Question 5

Can I deduct meals as a business expense?

Accepted Answer

Business meals are often only partly deductible, and only with a clear business purpose. Keep notes.

Question 6

Is my commute deductible?

Accepted Answer

Commuting to a regular workplace usually isn’t. Driving between business locations or to clients often is.

Question 7

How do I deduct business mileage?

Accepted Answer

Use the IRS standard mileage rate or a share of actual car costs, and keep a log of business trips.

Question 8

What records do I need for write-offs?

Accepted Answer

Receipts, notes on the business purpose, mileage logs and bank statements, with business and personal money kept separate.

Common questions: Business write-offs