Question: What Taxes May I Deduct on My Business Tax Return
Answer:
Other than income taxes, you may deduct expenses for other taxes your business pays:
- City gross receipts tax
- State unemployment insurance tax
- State income tax or franchise tax
- State, city, or local sales taxes you paid on purchases
- Federal social security tax (your employer portion of the tax)
- Real estate tax
- State income tax
- State unincorporated business tax
- Tangible and intangible property tax
- Customs, import, or tariff tax
- License tax
- Business vehicle registration tax
- Gasoline tax
- Telephone and cell phone tax
- Taxes on business travel expenses, such as hotel taxes, air travel taxes, meal taxes, entertainment, laundry, etc.
- Miscellaneous taxes on items like membership dues, stamps, safe deposit box rental, and others.
