Are you a business owner wondering what actually counts as a tax write-off in 2026? In this episode of The FI Guys, Chris and Dom break down the top tax deductions for business owners, including vehicle expenses, home office deductions, business meals, travel, marketing, software, insurance, and more.

If you have ever heard someone say, “Just write it off,” but never explain what that actually means, this episode is for you. We cover the most common small business tax write-offs, where people tend to leave money on the table, and the mistakes that can create problems later. This is not about shady loopholes or guru nonsense. It is about understanding the basics, keeping clean records, and making smarter money decisions as a business owner.

Whether you are self-employed, running an LLC, building a side hustle, or operating a growing small business, this conversation will help you better understand how tax deductions really work and how to think about them the right way.

Watch to learn what may qualify, what gets misused, and why documentation is often more important than the deduction itself.

If you found this helpful, make sure to like the video, subscribe to the channel, and comment below with the write-off category that confuses you the most. We’d love to hear from you.

#SmallBusinessTaxes

#TaxWriteOffs

#BusinessOwnerTips

Chapters

00:00 Understanding Tax Write-Offs

08:20 The Basics of Tax Deductions

15:17 Startup and Organizational Costs

20:38 Vehicle Expenses and Deductions

23:44 Home Office Deductions

24:48 Office Rent and Business Space Costs

26:00 Marketing and Advertising Deductions

29:20 Business Meals and Entertainment Expenses

32:14 Travel Expenses for Business

35:49 Insurance, Legal Fees, and Professional Services

37:56 Phone, Internet, and Software Subscriptions

40:54 Navigating Self-Employment and Health Insurance

41:33 Simplifying the Tax System: A Flat Tax Proposal

41:46 Disclaimer at the end .m4v

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Disclaimer: The FI Guys is a podcast dedicated to providing general information and insights on a wide range of wealth-related topics. The views and opinions expressed in this podcast are those of the hosts and guests and do not constitute personalized financial advice.

The content provided in this podcast is for educational and informational purposes only. It should not be considered a substitute for professional financial advice. Your financial situation and goals are unique, and the information provided here may not be applicable or suitable to your specific circumstances.

We, the hosts and guests on The Fi Guys are not acting as your financial advisors. We are not aware of your individual financial situation, risk tolerance, or investment objectives. Any decisions or actions you take based on the information provided in this podcast are your own and made at your own risk.

The content in this podcast is for informational purposes only and should not be considered financial advice. We do not endorse specific products or services. Past performance doesn't guarantee future results. The opinions expressed are those of the hosts and guests, not the podcast sponsors.

It is crucial to consult with a qualified financial advisor or professional who can provide advice tailored to your specific needs before making any financial decisions, investments, or taking any other actions. If you are seeking specified help, you can reach out to Chris at https://www.monzonwealth.com/