As a sole proprietor can I deduct all business expenses, equipment, travel, educational expenditures from from taxes?

Amy Hutchens ∙ September 18, 2019

The items you mentioned are among many expenses you can deduct as a small business owner. However you also need to understand the many limitations and restrictions on deductibility. The IRS has a beginner resource available https://www.irs.gov/businesses/small-businesses-self-employed/deducting-business-expenses. The LegalZoom library has a useful article https://info.legalzoom.com/sole-proprietorship-business-deductions-22445.html. Seek the advice of a licensed accountant or attorney help you better understand all the rules.

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