Small Business Tax Season: Key Deductions to Maximize Savings
Washington, D.C. — February 9, 2026 — With tax season underway, the U.S. Chamber of Commerce is reminding small business owners about some of the most valuable tax deductions they can use to reduce their 2025 tax liability. From operational expenses to employee benefits, understanding eligible deductions can help small businesses keep more of what they earn.
What Small Businesses Should Know:
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Business Operating Expenses — Ordinary and necessary costs such as rent, utilities, office supplies, marketing, and insurance may be fully deductible when properly documented.
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Home Office Deduction — Business owners who use part of their home regularly and exclusively for business may be eligible to deduct associated expenses like mortgage interest, utilities, and repairs.
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Vehicle and Travel Costs — Travel, mileage, and transportation expenses related to running the business can be deducted if records clearly separate personal vs. business use.
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Employee Wages and Benefits — Payroll costs, retirement plan contributions, and certain health plan expenses can be deducted, helping businesses reduce taxable income while supporting employee well-being.
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Start-Up and Organizational Costs — New businesses may be able to deduct a portion of their start-up and organizational expenses, easing the financial burden of getting up and running.
The Chamber’s overview emphasizes the importance of maintaining accurate documentation and working with a qualified tax professional to ensure proper tax filing and maximize all available deductions.
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