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March 29, 2024
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Are State and City B&O Taxes Deductible for Businesses

  • March 29, 2024
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I recently started a Sole Proprietorship in the State of Washington, and I have to pay Local City and State B&O Taxes. Can I deduct these via Schedule C as the city tax is fairly significant?

    Best answer by KrisD15

    Yes, that tax is based on sales, so yes, it is a tax and can be claimed as an expense.

    1 reply

    KrisD15
    KrisD15Answer
    March 30, 2024

    Yes, that tax is based on sales, so yes, it is a tax and can be claimed as an expense.

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