Can You Deduct Start-Up Costs with No Income? Understanding IRS Rules for New Businesses
Starting a business can be daunting, especially with financial hurdles and the risk of failure. This article uncovers the IRS rules allowing new ventures to deduct up to $5,000 in start-up costs, even without income, provided total expenses stay under $50,000. Learn how to effectively manage and categorize your expenses with expert guidance from Ridgewise Accounting to maximize your tax benefits and boost your financial health.
