Perfectly Legitimate Business Expenses You Can’t Deduct | Small Business Trends


You may incur certain costs for your company that make good business sense. Unfortunately, the tax law doesn’t view them all as write-offs.

Check out this list of business expenses that remain non-deductible (in whole or in part) these expenses on your 2019 tax return.

NOTE: This article has been specially updated for the 2019/2020 tax season.

Non-Deductible Business Expenses

Additional Medicare taxes. You pay 0.9% additional Medicare tax on net earnings from self-employment or employee wages (if your income is high enough.) You also pay the 3.8% net investment income tax on income from investments. That includes income from a business in which you don’t participate on a day-to-day basis. Again you pay these if your income is high enough. They remain personal taxes that are nondeductible.

Read More

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s