释义 |
Business Expense Deduction Business Expense DeductionA reduction in a business's taxable income by costs that result from having and maintaining the business. Rent and employee salaries are primary (and expensive) examples of business expenses that are qualified for the deduction. For example, if a business has $1 million in revenue and $400,000 in overhead eligible for the business expense deduction, its taxable income is only $600,000. |