An LLC Tax Deduction List is a list of items that can be deducted from the taxes of an LLC. These deductions typically include business travel expenses, home office costs, and business-related meals. For businesses with employees, some payroll deductions may also be deductible. Knowing what deductions are available to an LLC can help save money on taxes by deducting as much of the allowable expenses from income as possible. On the flip side, not understanding what deductions are available can lead to costly errors when filing taxes. When planning for an upcoming tax year, it’s important to work with a qualified tax professional to make sure you’re taking full advantage of every applicable deduction.