ilmscore | Tax Deductions for Business Expenses Predictions
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Accuracy

Recent Predictions

Total: 4
Correct: 1
Incorrect: 0
Pending: 3
Unrated: 0
Prediction
Author
Predicted at
Status
Video
A 100% deduction on food expenses for eating at restaurants was available through 2022 to support the restaurant industry post-pandemic.
"the presidential administration wants to do is encourage people to eat out, eat at restaurants becau..."
Oct 19, 2025
Correct
The IRS allows deductions for business expenses that are both ordinary and necessary.
"The IRS says that you can deduct ordinary and necessary expenses from your business's revenue."
Jun 21, 2025
Pending
Business owners can deduct the cost of equipment like laptops used for their business.
"I own a business I need a laptop to run my business so my laptop was an expense that I get to deduct..."
Nov 12, 2023
Pending
Individuals who generate their own income through business or investments should work with a smart accountant to strategize and maximize tax deductions and write-offs legally.
"if you are creating your own income you're investing in real estate or doing other things like that ..."
Sep 17, 2023
Pending