How To Write Off Everyday Expenses, LEGALLY In 2026

When there is a valid business purpose, this video will explain how to use the tax law to deduct regular expenses including housing costs, automobile expenses, food, travel, medical bills, health insurance premiums, childcare, dependents, and even education. The video explains how Section 162 of the Internal Revenue Code (ordinary and necessary business costs), why an LLC is not required in order to qualify as a business, and the precise requirements that the IRS looks for in order to maintain compliance while reducing your taxable income.