Business owners and self-employed individuals can claim numerous deductions in 2025, including:
- Home office deduction (if you maintain a dedicated workspace)
- Vehicle expenses at 65.5 cents per mile for business use
- Equipment and supplies purchases
- Professional development and training costs
- Marketing and advertising expenses
New for 2025 is an enhanced deduction for clean energy improvements and digital business tools. Additionally, you can deduct 100% of business meals from restaurants and continue to claim depreciation on business assets. Remember to maintain detailed records and receipts for all business expenses.