Costs Businesses Can Deduct to Lower Taxes

Businesses tend to have more tax responsibilities than individual taxpayers. They are required to withhold taxes from the paychecks of their employees, and also pay Social Security and Medicare tax. However, there are certain costs that businesses can deduct to lower their tax liabilities. About Money shares the different kinds of taxes businesses must pay and how they can benefit from deductions: “How and Where to Deduct Business Taxes