Certain startup costs may be eligible for tax deductions based on your business scope. Business expenses are the expenses a business incurs to generate revenue.
Any expense that helps your business make more money could potentially count as a business expense. Costs such as advertising, payroll, rent, software fees, utility fees, and others are included.
Understanding how to maximize your tax deductions can help your startup save money.
Startup cost can be more complicated than your average deduction, which is why we recommend reading: https://www.irs.gov/newsroom/heres-how-businesses-can-deduct-startup-costs-from-their-federal-taxes
