Business Write Offs 2025. What kind of deductions can i take as a small business? For the 2025 tax year, the standard deduction will be $30,000 for married couples filing jointly, $22,500 for heads of household, and $15,000 for those filing solo or married filing.

To qualify, a business must have an aggregated turnover of less than $10 million to immediately deduct the full cost of eligible assets up to $20,000. If your business has an aggregated annual turnover of less than $10 million, you may be able to deduct the full cost of.