Biz Write-Offs LogoBiz Write-Offs

Employee wages

Varies

Can I Write Off Employee Wages?

Short answer: Yes: reasonable wages, salaries, and bonuses paid to employees are fully deductible.

Payroll must run through W-2s with withholding; the employer share of payroll taxes is deductible too.

Records to keep: Keep receipts or invoices, proof of payment, and a short note of the business purpose.