Is a Vacuum Repair or Equipment Warranty Deductible?

Yes — repair costs and extended warranties on cleaning equipment used for client jobs are deductible business expenses, treated a little differently from each other but both fully deductible as ordinary costs of keeping your equipment running. Repairs are generally deducted in full in the year you pay for them, since a repair simply restores equipment to working condition rather than adding new value or extending its useful life significantly — the same treatment a car repair gets versus...