Tax question, what can I deduct of personally taxes?
So I've spent about $900 so far on my business and made...well...$0! Hopefully that will change but I was thinking, can I deduct these expenses from my personal taxes come tax time? If so, can I deduct everything, what are some of the rules for this?
OK, another question. I always take the standard deduction for my personal taxes because I don't have enough to itemize, can I still do this with business expenses or to make it worth wild do the business deductions have to add up more than my standward dedcution($3500 I think)