The remaining costs can be spread out over a period of time. Are business start-up costs tax deductible? If you're starting a new business, you can deduct $5,000 in start-up costs and $5,000 in ...

12. Startup costs deduction You may be able to get self-employment tax deductions for the cost of going into business. What you can deduct: Startup costs generally include the costs to get your ...

Owning a small business comes with a myriad of responsibilities, especially during tax season. Here are seven ...

Working for yourself can have a lot of benefits, but taxes are generally not one of them. When self-employed, you are ...

These expenses are generally not deductible until after the business has been sold or otherwise disposed of. Nevertheless, there is a special tax rule that allows you to deduct up to $5,000 in startup ...

(Yet another weird intricacy in the world of the IRS.) So far, you’re probably thinking that deducting business expenses is easy. But there are some issues that can cause huge problems.

Did you start a new business this year and incur costs before starting operations? You can typically deduct up to $10,000 in business startup costs and up to $5,000 in organizational costs.

The rules are strict around who is eligible to deduct a home office, and calculating the deductions can be complicated.

The home office deduction is a tax break for self-employed people who use part of their home for business activities. Here's how it works. Many, or all, of the products featured on this page are ...

The home office deduction allows some filers to claim a tax break for expenses incurred working ... the space "regularly and exclusively" for business, according to the IRS. If you worked remotely ...