You can deduct California’s $800 annual tax and any annual fee from your federal taxes. As an LLC owner, you can deduct maintenance costs for your LLC.
If you have a sole proprietorship or LLC, you can claim some business losses on your personal taxes. You can deduct expenses related to your rent, mortgage, utilities, and supplies.
It’s important to keep records of business expenses for taxes. You’ll need accounting software to manage your business.
Can I count my car payment as a business expense?