Top Tax Deductions Small Business Owners Often Miss

Tax deductions can lower your taxable income and keep more money in your pocket—but many small business owners overlook valuable write-offs. At 1st Source Tax & Accounting, we make sure you claim everything you’re entitled to. Here are the top deductions you might be missing.

1. Home Office Deduction
If you regularly work from home, you may qualify to deduct a portion of your rent, utilities, and internet.

2. Vehicle Expenses
Driving for business? Track mileage, gas, insurance, and maintenance.

3. Business Meals
Meals with clients or while traveling for work are often deductible.

4. Education & Training
Workshops, online courses, or certifications related to your business can reduce your taxable income.

5. Professional Services
Fees paid to accountants, lawyers, or consultants are deductible.

6. Technology & Software
Subscriptions to apps, accounting tools, and cloud storage count as business expenses.

Every deduction matters. Don’t leave money on the table—let us help you maximize your return. Contact 1st Source Tax & Accounting today.