Business expense
I have an S-Corp and provide home health care in patients homes. My drivers license is up for renewal and they are requiring a vision test that costs $120. Does this qualify as a business expense?
Quick Answer:
Yes, the $120 vision test for your driver's license renewal likely qualifies as a business expense for your S-Corp.
For an expense to be deductible, it must be both ordinary and necessary for your business. Since you provide home health care in patients' homes, driving is an essential part of your business operations. A valid driver's license, and by extension, the required vision test to maintain that license, is necessary to perform this core business function. Therefore, the cost directly relates to your S-Corp's ability to conduct its primary business activities.
Note: This answer is provided for convenience only. It is important that you speak to a CPA about your individual tax situation.
