Business Expense Deductions 2025 – you can opt to itemize deductions for certain expenses, including things like property taxes, mortgage interest, business expenses, and interest paid on student loans. There are more ways to lower . Discover how self-employed individuals and employees can claim cellphone expenses as a tax deduction, and how the rules have changed over the years. .
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Business Expense Deductions 2025 25 Small Business Tax Deductions To Know in 2025: Basically, taxpayers must prove the items were necessary or a legitimate business expense. They canโt be personal expenses. Here are examples of extraordinary deductions taxpayers have asked . Planes at a private jet terminal this in Las Vegas. (John Locher/AP) Business executives have been using corporate planes for personal vacation travel and illegally writing off the flights as .