Tax Deduction For Advertising Killer Expense
Tax Deduction For Advertising – Allowable Expenses
You may deduct under business expenses:
- The cost for promotion activities, sponsoring local events, special events,etc.
- The cost of institutional and goodwill advertising. For example, the IRS allows you to deduct the cost of advertising for buying U.S. Saving Bonds.
Any other reasonable tax deduction for advertising expenses may be accepted, depending on the specific circumstances of your business.