✨ Perfectly Legitimate Business Expenses That You Can’t Deduct... 1. Credit Card Payments- only the business expenses made on the card are deductible. 2. Entertainment- taking a client or customer to an "experience” is no longer deductible. However, office parties and outings held for the benefit of your employees is. 3. Federal Tax Payments- these are never tax-deductible with one exception – you can deduct a portion of self-employment taxes paid. 4. Insurance- your Individual Health, Life and Disability premiums aren’t a biz write off, but your individual health insurance premiums can be written off on your personal return. 5. Clothing- bummer I know, but unfortunately, your new cute fall clothes + shoes are just not tax-deductible. However, scrubs and uniforms are if you’re required to wear them as a condition of your employment. Also, clothing items purchased *specifically for a brand photo shoot can also be written off. . . . Questions, shoot them below👇🏻 #knowyourwriteoffs #financialsdvisor #accountant #taxtips