Yes, you can deduct certain dues, subscriptions, and memberships as business expenses, but there are important limitations and restrictions that you must understand to properly claim these deductions while maintaining compliance with federal tax law.
Deductions & Write-Offs
What portion of my phone/internet bills is deductible?
You can deduct the business-use percentage of your phone and internet bills with proper documentation.
Can I deduct professional services like legal and accounting fees?
Yes, fees for legal, accounting, and other professional services are deductible if they’re business-related.
How do I write off office equipment and furniture?
Office equipment and furniture can be depreciated or expensed under Section 179 if used for business.
Can I deduct business gifts, and what’s the limit?
Yes, business gifts are deductible up to $25 per recipient per year, if properly documented and business-related.
How do I deduct startup costs and organizational expenses?
Deduct up to $5,000 in startup and organizational costs, with the rest amortized over 15 years under IRS rules.
What’s the limit on business travel deductions?
Business travel is deductible if properly documented. Meals are 50% deductible, with strict IRS substantiation required.
Can I deduct meals and entertainment expenses?
Business meals are 50% deductible if conditions are met. Entertainment expenses are generally not allowed under current IRS rules.
What are the most common business deductions I can take?
Claim deductions like operating costs, travel, home office, and more if they’re ordinary and necessary for your business.