09/03/2026
13 Common Self-Employed Tax Deductions
13 – Startup cost deductions
Starting a business can mean a lot of expenses before you see any revenue come in from selling your goods or services. Thankfully, many of these costs are tax deductible. The IRS allows businesses to deduct up to $5,000 of business startup costs. You may also deduct up to $5,000 of organizational costs. There are some guidelines and exceptions, so it is crucial to understand what can and can’t be deducted as a business expense. A can walk you through the process if you need assistance.
Source: https://www.blockadvisors.com/resource-center/small-business-tax-prep/freelance-small-business-tax-deductions/
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