Comments on: Internet Marketing Tax Deductions

By: Kurt Henninger

Kurt Henninger — Tue, 16 Feb 2010 16:31:58 +0000

So true, one of the hidden benefits of running a home business is the great tax deductions.

Think of it just like another small business and you’ll be right on track.

By: Tiffany

Tiffany — Sat, 23 Jan 2010 04:29:27 +0000

I’m trying to get all my records my taxes together now and I am glad that I kept track of them as the year went along. I couldn’t imagine trying to go back and do it all after the year was over.

Another expense you can deduct are any Paypal fees or bank fees. I know some banks charge a small fee if you have a business account with them. Also, if you have clients or companies that pay you through Paypal you can deduct the percentage of the money that paypal takes out from your payment. So, if you have a deposit for $100 and paypal took out $4, you would claim the full $100 as income and then the $4 would be deducted as fees.

By: Hot Posts: StrictlyOnlineBiz’s Top Blog Posts Of The Week

Hot Posts: StrictlyOnlineBiz’s Top Blog Posts Of The Week — Fri, 15 Jan 2010 08:03:12 +0000

[...] Internet Marketing Tax Deductions by Josh Spaulding [...]

By: Gochi

Gochi — Thu, 07 Jan 2010 02:51:19 +0000

Great stuff! Do I have to claim money that I’ve made from multiple sites? Is there a number that I have to make to have to claim? I’ve made over $600 on mechanical turk, do I have to claim this? Can I say I had a home business and then claim my phone and stuff? Please let me know!

By: Tom - marketing tips

Tom - marketing tips — Wed, 06 Jan 2010 09:20:46 +0000

Hi Josh, thanks for a good post.I need to be more careful this year to claim all expenses.Last year I missed out on a few I did not even know existed.

By: Ann @ How To Make A Website

Ann @ How To Make A Website — Wed, 06 Jan 2010 07:36:26 +0000

Thank you Josh, you saved me from doing this research which I was planning on!!!!!!!

By: Arun Pal Singh

Arun Pal Singh — Tue, 05 Jan 2010 06:01:43 +0000

This is a very revealing post and I must say I would save more tax this year.

Thanks Josh.

By: Gary

Gary — Mon, 04 Jan 2010 12:30:48 +0000

Also, don’t forget you can claim the costs of any professional expenses, such as financial, legal, business, etc.

By: kathleen

kathleen — Sun, 03 Jan 2010 09:34:34 +0000

Very helpful there were some things I didn’t know that I can deduct. My favorite is
Business Use of Home.I need to research this one a little more sounds pretty good.
Nice Post.

By: Robert

Robert — Sun, 03 Jan 2010 04:58:15 +0000

I’m just afraid if I claim all my expenses for 2009, my wife will see how much money I’ve spent/blown and ask me how much I’ve made, which isn’t much, although I truly believe this is my year.

Good luck to everyone in 2010.

Robert