# Deductions & Write-Offs — Latest

**URL:** /c/small-business-guides/small-business-deductions-write-offs/44
**Topics on this page:** 8

## [Small Business Tax Deductions (Canada)](/t/small-business-tax-deductions-canada/406)

**Author:** @MyCarTracks_support
**Last posted:** 2026-05-15T10:44:08Z

For small-business tax deductions in Canada, start with the basic rule from the Canada Revenue Agency (CRA), the federal tax agency: you can generally deduct reasonable current expenses you incur to earn business income,&hellip;

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## [Small Business Tax Credits (Canada)](/t/small-business-tax-credits-canada/405)

**Author:** @MyCarTracks_support
**Last posted:** 2026-05-15T10:44:06Z

Small-business tax credits in Canada are not the same as deductions. A deduction usually reduces income before tax is calculated. A tax credit reduces tax payable, and a refundable credit can sometimes create or increase&hellip;

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## [Self-Employed and Small Business Tax Breaks (Canada)](/t/self-employed-and-small-business-tax-breaks-canada/404)

**Author:** @MyCarTracks_support
**Last posted:** 2026-05-15T10:44:03Z

Self-employed tax breaks in Canada are usually not one special loophole. They are a set of supported deductions, credits, GST/HST choices, recordkeeping habits, and filing decisions that reduce tax risk when the facts qu&hellip;

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## [Business-Use-of-Home Expenses (Canada)](/t/business-use-of-home-expenses-canada/403)

**Author:** @MyCarTracks_support
**Last posted:** 2026-05-15T10:44:02Z

For business-use-of-home expenses in Canada, you first need to meet the workspace test from the Canada Revenue Agency (CRA), the federal tax agency. The CRA’s business-use-of-home expenses guidance says you can deduct ex&hellip;

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## [Itemized vs Standard Deduction for Self-Employed People (US)](/t/itemized-vs-standard-deduction-for-self-employed-people-us/300)

**Author:** @MyCarTracks_support
**Last posted:** 2026-04-21T11:37:37Z

Itemized vs standard deduction choices matter for self-employed people, but they do not replace business expense records. For tax year 2026, the IRS standard deduction amounts are $16,100 for single filers and married fi&hellip;

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## [Deductions You Can Claim Without Receipts (US)](/t/deductions-you-can-claim-without-receipts-us/299)

**Author:** @MyCarTracks_support
**Last posted:** 2026-04-21T11:37:36Z

Deductions without receipts are possible in some situations, but a missing receipt never removes the need for proof. Business records must support the income, expenses, and credits reported on a return, and supporting do&hellip;

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## [Self-Employment Tax Credits and Deductions (US)](/t/self-employment-tax-credits-and-deductions-us/298)

**Author:** @MyCarTracks_support
**Last posted:** 2026-04-21T11:37:34Z

Self-employment tax credits and deductions can both lower a tax bill, but they do it in different ways. A deduction usually reduces income before tax is figured, while a credit usually reduces tax after the calculation. &hellip;

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## [Self-Employed Tax Deductions (US)](/t/self-employed-tax-deductions-us/297)

**Author:** @MyCarTracks_support
**Last posted:** 2026-04-21T11:37:33Z

Self-employed tax deductions are business costs that can reduce taxable profit when they are ordinary, necessary, allowed for your facts, and supported by records. The deduction starts with the business purpose, not the &hellip;