7 Commonly Missed Deductions That Could Save You Thousands

1. The Home Office Deduction

If you use a dedicated space in your home exclusively for business, you likely qualify.
💡 Pro Tip: You can deduct a portion of your rent or mortgage, utilities, insurance, and even repairs.

2. Business Mileage

Driving to meet clients, run errands for your business, or attend industry events? Track those miles.
💡 Pro Tip: Use a mileage app like MileIQ to log trips automatically—no more guessing.

3. Startup Costs and Organizational Expenses

If you launched your business in the last year or two, you can deduct legal fees, licenses, and other formation costs.
💡 Pro Tip: You can deduct up to $5,000 in startup costs in the first year.

4. Business Meals (Yes, Even Coffee Counts)

If you’re discussing business over a meal, that’s deductible—usually at 50%.
💡 Pro Tip: Record who you met with and the business purpose on the receipt or in your bookkeeping software.

5. Professional Services and Subcontractors

Fees paid to accountants, consultants, virtual assistants, web designers, and more are all deductible.
💡 Pro Tip: Be sure to issue 1099s for freelancers paid over $600.

6. Equipment and Technology

Laptops, software, printers, even your business cell phone plan—these are all deductible.
💡 Pro Tip: Section 179 allows you to deduct the full cost of qualifying equipment in the year it’s purchased.

7. Education and Training

Courses, certifications, webinars, and even business books may qualify as continuing education.
💡 Pro Tip: The education must be directly related to your current business, not a new one.

🧮 The Real Impact: A Case Study

Meet Carla, a freelance marketing consultant who hired BizAccountants after years of DIY taxes.

In her first year with us, we uncovered:

• $3,200 in unclaimed mileage
• $1,000 in home office expenses
• $2,800 in meals, subscriptions, and software she never deducted
• $1,500 in equipment depreciation she never applied

Total recovered in tax savings: $8,500.

That’s a full month’s income—for free.

🔍 How to Stop Missing Deductions

1. Track Expenses Weekly: Don’t wait until tax season to organize your receipts.
2. Separate Business and Personal Accounts: This makes tracking and proof much easier.
3. Use a Bookkeeping Pro (or at Least a Bookkeeping App): Automated categorization can catch deductions you’ll forget.
4. Keep Notes on Business Purpose: Jot down why each expense was business-related. The IRS loves documentation.
5. Meet With a Tax Planner Before Year-End: After December 31st, it’s too late to fix many mistakes.

✅ Final Thoughts: Stop Overpaying, Start Optimizing

Running a business is hard enough. Overpaying your taxes on top of that? That’s just unnecessary.

By staying organized and working with professionals who know the tax code inside and out, you can stop leaving money on the table and start using every legal advantage to grow.

💼 Need Help Capturing Every Deduction?

At BizAccountants, we specialize in making sure business owners don’t pay more than they have to.
Whether you need cleanup, catch-up, or proactive planning—we’re here to help you keep more of what you earn.

📞 Schedule your free deduction check-up today and let’s see how much you’ve been leaving behind.
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Because the only thing worse than paying taxes… is paying more than you should. 💸