Yes, the tax law allows businesses to deduct expenses that help them bring in new customers and keep existing ones. These costs may include expenses for advertising and marketing. Here are some details about this valuable tax deduction that can help small businesses save money on their taxes. Deduction for marketing costs
6 Common Tax Deductions for Nonprofits
- Wages. Just as for-profit businesses, your nonprofit can deduct wages it pays to employees, including holiday bonuses. ...
- Fringe benefits. ...
- Repairs. ...
- Marketing and advertising expenses. ...
- Licenses and training. ...
- Financial losses.
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