Nonbusiness Expense Deduction(redirected from Nonbusiness Expense Deductions)
Nonbusiness Expense Deduction
An expense that a company may remove from its taxable income even though it is not directly related to its operations. For example, while employee salaries are a business expense, sales taxes are non-business. The latter may be taken as a nonbusiness expense deduction. There are limits on nonbusiness expense deductions. For example, one may not deduct expenses from a trip unless it relates to one's business.
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