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Can I Deduct the Cost of a Web Site on my Business Taxes?Can I Deduct the Cost of a Web Site on my Business Taxes?
Submitted by Benjamin Melançon on April 19, 2007 - 11:00pm
According to H&R Block's Schedule C help: "May I deduct expenses for my Web site?"
You may deduct expenses for your Web site as long as those expenses are "ordinary and necessary," and as long as those expenses are not one of the following:
Expenses used to figure the cost of goods sold — these are taken into account elsewhere on Schedule C
Capital expenses — these have to be deducted over time
Personal expenses — these are not deductible
According to H&R Block's Schedule C help: "May I deduct expenses for my Web site?"
You may deduct expenses for your Web site as long as those expenses are "ordinary and necessary," and as long as those expenses are not one of the following:
Expenses used to figure the cost of goods sold — these are taken into account elsewhere on Schedule C
Capital expenses — these have to be deducted over time
Personal expenses — these are not deductible
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