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For a small business owner, are federal taxes paid from an employee's check deductible as a business expense? If so, where do they go on Schedule C?
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For a small business owner, are federal taxes paid from an employee's check deductible as a business expense? If so, where do they go on Schedule C?
Federal tax withheld from an employee's paycheck is not deductible as a business expense.
Payroll taxes (which are the employer's share of FICA taxes and unemployment tax) are deductible as a business expense under Taxes and Licenses.
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For a small business owner, are federal taxes paid from an employee's check deductible as a business expense? If so, where do they go on Schedule C?
Federal tax withheld from an employee's paycheck is not deductible as a business expense.
Payroll taxes (which are the employer's share of FICA taxes and unemployment tax) are deductible as a business expense under Taxes and Licenses.
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**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"