They sure are! Expenses paid to power the business with internet and phone service can be written off to lower small business owners’ tax liability.
Percentage deductible: 100%
Eligibility: If phone and internet usage is essential to the business’ operations the incurred costs can be fully deducted.
Internet service subscriptions
Cell-phone service subscriptions
In-flight internet purchases
Special considerations: If you use the phone and internet for a mix of work and personal reasons, you can only write off the percentage of the cost that goes toward your business use.
Check out the link below for a list of other tax deductions you can claim this tax season!
What questions do you have about tax season? We are here to provide help with tax preparation, accounting, payroll management, and business formation! R&I Tax and Bookkeeping is here to help! You may contact us via our 'Contact' page at https://www.ritbsinc.com/contact. We can also be reached via phone at 253-777-1106.
Osterhaus, E. (2021, February 1). Complete list of small business tax deductions (2021). QuickBooks. Retrieved December 16, 2021, from https://quickbooks.intuit.com/r/taxes/small-business-tax-deductions/