11/25/2025
🚀 Tax Tip of the day🚀
Starting a business? Don’t forget — you can deduct your startup costs!
💸You can deduct up to $5,000 of qualified startup expenses in your first year of business.
💸Includes things like market research, legal fees, advertising, and setting up your
business structure.
💸 Costs over $5,000 can be spread out (amortized) over several years.