Thus my tax preparation business wouldn’t be able to deduct that expense, but a stripper at the club in the city might. In any case, as long as it’s helpful, you can consider it a business expense. That’s a personal expense, not a business expense (more on this later). However, you can’t deduct disability insurance for lost wages a personal expense, not business (more on this later). You can’t take personal expensesEven if you have a business, you still can’t deduct any type of personal expense.

Source: Forbes March 17, 2019 18:45 UTC