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IRS highlights credits and deductions for businesses

During Small Business Week May 5-11, the IRS reminded small-business owners and self-employed individuals to take deductions and credits that can help their bottom lines, according to www.irs.gov.

The IRS highlighted several key deductions and credits that can benefit small-business taxpayers, including the qualified business income deduction; business losses; business expenses; general business credits; employer credit for paid family and medical leave; and the Work Opportunity Tax Credit.

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