Paying yourself (sole proprietor or LLC)
Varies
Can You Write Off Paying Yourself?
Short answer: No: owner draws from a sole proprietorship or single-member LLC aren't deductible; you're taxed on the business's profit.
Only an S-corp or C-corp can pay you a deductible W-2 salary.
Records to keep: Keep receipts or invoices, proof of payment, and a short note of the business purpose.
BW-B22-00658
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Paying yourself (sole proprietor or LLC)
Varies
General Business
Payroll & Labor
Business Write-Off Questions
No: owner draws from a sole proprietorship or single-member LLC aren't deductible; you're taxed on the business's profit.
BizWriteOffs provides educational information only and is not tax, legal, or accounting advice. Deductibility depends on your specific facts and records. Consult a qualified tax professional.
Business justification
No: owner draws from a sole proprietorship or single-member LLC aren't deductible; you're taxed on the business's profit. Only an S-corp or C-corp can pay you a deductible W-2 salary.
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- Business Write-Off Questions
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