I know that owning your own business you can make Tax Deductions on equipment and expenses for the business. I also know that you can’t deduct more than your business has made. My question is how much can I deduct though. Say I want to deduct 3,000 dollars worth of expenses for my business and my total profit is 3,500 can I deduct the 3,000 dollars worth of expenses? Can I do that? After deducting 3,000 will I only have to pay 30% of the 500? see hubwealthy.com/wealthy
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