Can you write off irs start up costs?

Startup costs are deductible up to $5,000 in the first year if your total startup expenses do not exceed $50,000. If your startup costs exceed $50,000, the $5,000 deduction is reduced dollar-for-dollar by the amount over $50,000. Any remaining startup costs must be amortized over 15 years. Startup costs include expenses for creating an active trade or business or investigating the creation or acquisition of an active trade or business. Common examples include market research, advertising, and employee training. However, costs incurred after the business begins operations are not considered startup costs and should be deducted as regular business expenses.