Deduct It! - 22nd Edition by Stephen Fishman (Paperback)

About the Book

Deduct It! is indispensable to your financial success, whether your business is just starting or well established. This book explains how to take advantage of all the business tax deductions and credits available to small business owners. It covers deductions for startup and operating expenses, travel and meals, home offices, medical expenses, equipment and inventory, and more.

Book Synopsis

Reduce your taxes

Deduct It! shows you how to maximize your business deductions--quickly, easily, and legally. It covers deductions for:

• start-up and operating expenses


• travel and meals


• home offices


• health care expenses


• equipment and inventory


• and more.

This book also has updated information on 100% bonus depreciation, as well as everything you need to know about the 20% pass-through deduction. Easy to read and full of real-world examples, Deduct It! will pay for itself many times over--especially if the IRS comes calling.

This edition includes key federal tax law changes under the One Big Beautiful Bill Act that affect small businesses.

Review Quotes

"Delves deeply into the complex thicket of available deductions, with real-life examples on deducting everything." Accounting Today

"Every small business enterprise must deal with the issue of local, state, and federal taxes. Now in a newly revised and completely updated tenth edition, "Deduct It!: Lower Your Small Business Taxes" by tax expert Stephen Fishman is a superbly well organized and presented, 544 page, 'user friendly' instruction manual covering every aspect of small business taxation including deductions for start-up and operating expenses; travel, meals and entertainment; home offices (including new IRS rules); health care; equipment and inventory, and so much more. Offering a wealth of information, tips, strategies, legal forms, and FAQs, "Deduct It!: Lower Your Small Business Taxes" should be considered essential reading and an invaluable reference for all small business owners and entrepreneurs!" The Midwest Book Review​

"Exceptionally well written, organized and presented, this fully updated and expanded twelfth edition of "Deduct It!: Lower Your Small Business Taxes" should be considered essential and mandatory for any and all businesses from the newest entrepreneurial venture to established multinational corporation. Of special note is that "Deduct It!" comes with a companion web site at Nolo Press that business operators can stay current with legal updates to "Deduct It!", as well as hundreds of valuable articles and FAQs, useful legal forms, and in-depth profiles of business and tax lawyers in whatever area of the country the reader resides. Thoroughly 'user friendly' from beginning to end, "Deduct It!" is very highly recommended for professional, corporate, community, and academic library Business & Economics reference collections in general, and Small Business supplemental studies lists in particular. " Dunford's Bookshelf, MBR Bookwatch

"Outlines the many deductions available to small businesses--in plain English." National Federation of Independent Business