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.
Example deductions:
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!
https://www.ritbsinc.com/small-business-tax-deduction-list
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/