Business deductions are expenses that a business can subtract from its total income in order to reduce its taxable profits. These deductions often represent costs associated with running an organization, such as employee salaries and benefits, office supplies, rent and utilities, marketing expenses, and certain professional fees. It’s important to carefully review what types of expenses can be claimed on your business deductions list and make sure you have all the proper documents required by the Internal Revenue Service (IRS). By taking advantage of available deductions, businesses can save money and improve their profitability.