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What tax deductions am I eligible for as an entrepreneur?
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As an entrepreneur, you may be eligible for various tax deductions, depending on how your business is structured and where you operate. Common deductions include deductions for business expenses such as supplies, taxes, insurance, equipment, advertising, travel, and salaries. You can also deduct any fees associated with professional services, such as legal or accounting fees. Additionally, you may be able to claim credits or deductions for capital expenditures, employee benefits, home offices, and startup costs.