What expenses are deductible for tax purposes?

What expenses can I deduct on my taxes?

You can deduct various expenses such as business costs, medical expenses, and mortgage interest. Would you like details on a specific category?

Yes, what about business expenses?

Business expenses can include costs like office supplies, travel expenses, and employee wages. Do you have a specific expense in mind?

Can I deduct my home office expenses?

Yes, if you use part of your home exclusively for business, you can deduct related expenses like utilities and rent.

What documentation do I need to keep for these deductions?

It's important to keep receipts, invoices, and any relevant financial records to support your deductions in case of an audit.