As we get ready to ring in 2022, we’ve rounded up 22 tax deductions you’ll want to have on your radar as you gather receipts and documents and consider end-of-year tax write-offs.

Tax-deductible business expenses 

1. Advertising and promotion 

2. Business meals (100 percent deductible in 2021!) 

3. Business insurance 

4. Bank fees 

5. Business use of your car 

6. Contract labor 

7. Depreciation 

8. Education (related to your business; includes books tailored to your industry and transportation expenses to and from classes, seminars, and workshops) 

9. Home office expenses

10. Interest on business debts

11. Legal and professional fees

12. Moving expenses

13. Rent expenses

14. Salaries and benefits

15. Taxes (e.g., state, payroll, personal property, real estate, sales, excise and fuel) 

16. Business licenses

17. Telephone and internet expenses

18. Travel expenses

Personal tax deductions for business expenses 

19. Charitable contributions

20. Child and dependent care expenses

21. Retirement contributions

22. Health care expenses

These expenses are tax deductible, but don’t assume all of them apply to your business. Check the rules for each one at irs.gov or contact our firm for assistance so you can start planning ahead for next year, too.