Can I deduct my student loan interest as a business expense?

No. Because the student loan is a personal loan, it can only be deducted as an education expense on your personal tax return. There are phase out limits for filing as single or married filing jointly.

What auto can be deducted in the year of purchase?

According to Section 179, the special depreciation allowance is $20.400 for vehicles with the manufacturer’s gross weight rating (GVWR) up to 6,000 lbs and $30,500 for sport utility vehicles between 6,000 - 14,000 lbs in 2024.

How can I easily keep track of my business mileage?

There is an app that you can subscribe to called MY MILES.COM. The cost is $7.50 a month billed annually. You can subscrIbe by going to MILEIQ.com or clicking on the following link:

https://try.mileiq.com/c/6361854/2157599/27542  

How should I keep track of my income and expenses?

The leading provider of account software for single member LLCs is QuickBooks.

What is the best tax return software for filing with the IRS?

TurboTax is the industry leader of tax return software. We can help you with preparing all the require documentation and file your return using TurboTax.