[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-1-en-105":3,"doc-seo-573169-105":53,"doc-detail-573169-en":126},{"code":4,"msg":5,"data":6},0,"success",[7,14,19,24,29,34,39,44,49],{"id":8,"doc_module":9,"doc_module_name":10,"category_name":11,"show_sort_weight":12,"slug":13},11,1,"Template","Presentations",90,"presentations",{"id":15,"doc_module":9,"doc_module_name":10,"category_name":16,"show_sort_weight":17,"slug":18},12,"Resumes",80,"resumes",{"id":20,"doc_module":9,"doc_module_name":10,"category_name":21,"show_sort_weight":22,"slug":23},14,"Invoices",70,"invoices",{"id":25,"doc_module":9,"doc_module_name":10,"category_name":26,"show_sort_weight":27,"slug":28},15,"Posters",60,"posters",{"id":30,"doc_module":9,"doc_module_name":10,"category_name":31,"show_sort_weight":32,"slug":33},16,"Social Media",50,"social-media",{"id":35,"doc_module":9,"doc_module_name":10,"category_name":36,"show_sort_weight":37,"slug":38},17,"Forms",40,"forms",{"id":40,"doc_module":9,"doc_module_name":10,"category_name":41,"show_sort_weight":42,"slug":43},18,"Letters",30,"letters",{"id":45,"doc_module":9,"doc_module_name":10,"category_name":46,"show_sort_weight":47,"slug":48},21,"Paper Templates",5,"papers-templates",{"id":50,"doc_module":9,"doc_module_name":10,"category_name":51,"show_sort_weight":4,"slug":52},158,"General","general-158",{"code":4,"msg":54,"data":55},"ok",{"site_id":56,"language":57,"slug":58,"title":59,"keywords":60,"description":61,"schema_data":62,"social_meta":119,"head_meta":121,"extra_data":123,"updated_unix":125},105,"en","llc-deductions-cheat-sheet-what-can-i-deduct","LLC Deductions Cheat Sheet - What Can I Deduct?","","LLC Deductions Cheat Sheet explains how to determine whether an expense is deductible by applying the ordinary-and-necessary standard used by the IRS. It clarifies that the rule can still exclude some expenses and distinguishes common non-deductible categories such as capital expenses and personal expenses, while allowing the business portion of mixed-use costs. It also summarizes ways to increase tax savings for certain LLC owners, then lists frequent deductions including self-employment tax, startup costs, home office, insurance, travel, and Section 179 vehicles.",{"@graph":63,"@context":118},[64,80,101],{"@type":65,"itemListElement":66},"BreadcrumbList",[67,71,74,77],{"item":68,"name":69,"@type":70,"position":9},"https://docshare.wps.com","Home","ListItem",{"item":72,"name":10,"@type":70,"position":73},"https://docshare.wps.com/template/",2,{"item":75,"name":51,"@type":70,"position":76},"https://docshare.wps.com/template/general/",3,{"item":78,"name":59,"@type":70,"position":79},"https://docshare.wps.com/template/llc-deductions-cheat-sheet-what-can-i-deduct/573169/",4,{"url":78,"name":59,"@type":81,"image":82,"author":87,"headline":59,"publisher":90,"fileFormat":93,"inLanguage":57,"description":61,"dateModified":94,"datePublished":95,"encodingFormat":93,"isAccessibleForFree":96,"interactionStatistic":97},"DigitalDocument",{"url":83,"@type":84,"width":85,"height":86},"https://docshare.wps.com/thumbnails/llc-deductions-cheat-sheet-what-can-i-deduct/573169.png","ImageObject",442,249,{"name":88,"@type":89},"A glass of water","Person",{"url":68,"name":91,"@type":92},"DocShare","Organization","application/pdf","2026-10-19","2026-10-13",true,{"@type":98,"interactionType":99,"userInteractionCount":73},"InteractionCounter",{"@type":100},"ViewAction",{"@type":102,"mainEntity":103},"FAQPage",[104,110,114],{"name":105,"@type":106,"acceptedAnswer":107},"What makes an expense deductible for an LLC?","Question",{"text":108,"@type":109},"An expense must be both ordinary and necessary for the business. Ordinary means common in the industry, and necessary means helpful without requiring indispensibility.","Answer",{"name":111,"@type":106,"acceptedAnswer":112},"Why might an expense still be nondeductible?",{"text":113,"@type":109},"Some costs can be both ordinary and necessary but remain nondeductible. The IRS distinguishes between usual business expenses and categories such as capital expenses and personal expenses.",{"name":115,"@type":106,"acceptedAnswer":116},"What are some common deductions an LLC owner can consider?",{"text":117,"@type":109},"Common deductions include self-employment tax (50%), startup costs (up to $10,000), office supplies and services, advertisement expenses, insurance premiums, loan interest and bank fees, travel expenses, home office expenses, and retirement or charity contributions.","https://schema.org",{"og:url":78,"og:type":120,"og:title":59,"og:site_name":91,"og:description":61},"article",{"robots":122,"canonical":78},"index,follow",{"doc_id":124,"site_id":56},573169,1792415155,{"code":4,"msg":5,"data":127},{"doc_id":124,"user_id":128,"nickname":88,"user_avatar":129,"doc_module":9,"category_id":50,"category_name":51,"doc_title":59,"doc_description":61,"doc_content":130,"file_id":131,"file_url":132,"file_type":133,"file_size":134,"view_count":73,"is_deleted":4,"is_public":9,"is_downloadable":9,"audit_status":9,"page_count":9,"language":135,"language_code":57,"site_id":56,"html_lang":57,"table_of_contents":136,"faqs":137,"seo_title":138,"seo_description":61,"update_tm":139,"read_time":4},962090760832,"https://ap-avatar.wpscdn.com/davatar_155a257f0dc6eb9ab79c44ca47cae57d","LLC DEDUCTIONS CHEAT SHEET  \nWHAT CAN I DEDUCT?  \nIn order for an expense to be deductible, it must be both ordinary and necessary.  \nOrdinary Expense: An expense that is common and ordinary in your industry.  \nNecessary Expense: An expense that-without needing to be indispensible-is helpful to your business.  \nNOTE: The above rule does not apply to every expense. Keep in mind that some “expenses” may be both ordinary and necessary, but remain nondeductible. The IRS distinguishes between “usual”business expenses and the following categories:  \n• Capital Expenses: Where expenses are deducted, assets are capitalized. Capitalization is the process through which depreciation (tangible property) or amortization (intangible property) takes place. This allows for smoother accounting, by taking into account the natural “decrease in value” of an asset over time.  \n• Personal Expenses: You can not deduct personal, living or family expenses. Having said that, you can deduct the business portion of an expense if it entails both business and personal usage.  \nINCREASE TAX SAVINGS  \nLLC owners that elect s corp status do not pay corporation, FICA, or self-employment taxes on all distributions received. For more information on the tax-advantages of electing a corp status, see our article on the Benefits of an S Corp.  \nMAXIMIZE DEDUCTIONS  \nUse a professional accounting service like Freshbooks to ensure you take advantage of all the potential deductions you can make.  \nCOMMON DEDUCTIONS  \n• Self Employment Tax (50%)  \n• Startup Costs: Up to $10,000  \n• Office Supplies & Services  \n• Advertisement Expenses  \n• Business Insurance Premiums  \n• Business Loan Interest & Bank Fees  \n• Educational Expenses  \n• Home Office Expenses  \n• Legal & Professional Fees  \n• Travel Expenses  \n• Business Rent & Car Usage  \n• Cost of Goods Sold  \n• Retirement Contributions  \n• Charity & Gift Contributions  \n• Business Utilities  \n• Qualifying vehicles can be expensed rather than depreciated in accordance with  \nSection 179 of the IRS  \n• Business Portion of Payroll Taxes  \n• Local and State Income Taxes may be deductible depending on location  \n• Health Insurance Premiums  \n• Up to 20% Qualified Business Income Deduction for Qualifying LLCs  \nIRS Reference: Publication 535-Business Expenses  \nFor a more in depth overview, see our review of our LLC EXPENSES CHEAT SHEET article.","cbCaia9sRULfYiqI","https://ap.wps.com/l/cbCaia9sRULfYiqI","pdf",57296,"English","# What Can I Deduct?\n## Ordinary and Necessary Standard\n## Categories the IRS Distinguishes\n## Increase Tax Savings\n## Maximize Deductions\n## Common Deductions","[{\"question\":\"What makes an expense deductible for an LLC?\",\"answer\":\"An expense must be both ordinary and necessary for the business. Ordinary means common in the industry, and necessary means helpful without requiring indispensibility.\"},{\"question\":\"Why might an expense still be nondeductible?\",\"answer\":\"Some costs can be both ordinary and necessary but remain nondeductible. The IRS distinguishes between usual business expenses and categories such as capital expenses and personal expenses.\"},{\"question\":\"What are some common deductions an LLC owner can consider?\",\"answer\":\"Common deductions include self-employment tax (50%), startup costs (up to $10,000), office supplies and services, advertisement expenses, insurance premiums, loan interest and bank fees, travel expenses, home office expenses, and retirement or charity contributions.\"}]","LLC Deductions Cheat Sheet - What Can I Deduct? | PDF",1791934069]