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Capture increased tax savings with these 10 business deductions.

This story appears in the June 1997 issue of Entrepreneur. Subscribe »

As we hit the midway point of 1997, now is a good time to review your tax situation and make sure you're taking all the business deductions you have coming to you. Valid deductions can work wonders on your overall tax liability, so gather as many as you can.

Take into account any recent changes in your business as well as alterations to our convoluted tax laws. Perhaps you can take some deductions you weren't eligible to claim last year. Doing your homework now can really pay off when it comes time to settle up with the IRS.

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