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Reduce Your E-Commerce Business Tax Burden Using These Tax Deductions


    If you are running an e-commerce business, you may be able to lower your tax bill by taking various business deductions allowed by the IRS instead of settling for the standard business deduction. Prior to preparing your tax return for the year, consider the list of available deductions listed below.

    Home Office Deduction

    If you have at least one room in your home that is used exclusively for running your business, this deduction is available to you. Businesses that qualify for this deduction get to deduct a percentage of most house-related expenses, including your mortgage, the light bill, and even maintenance expenses and insurance premiums. (The IRS calculates the percentage allowed to be deducted based on the square footage of your home that is used for your business.) Click to continue reading

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