web site
Business Expensesfreelancersconsultantse-commercesmall business ownersdigital marketers
Website costs can be deducted if they are ordinary and necessary expenses for running a business. This includes costs for domain registration, hosting, design, and maintenance. Initial costs for website development can be capitalized and amortized over three years, while ongoing maintenance and updates can be deducted as current expenses. If a website is used for both personal and business purposes, only the business portion is deductible. For instance, a freelance graphic designer can deduct the full cost of a website used solely for showcasing their portfolio and attracting clients.