Yes, it would include all licenses, fees and permits incurred to maintain your business as an ordinary and necessary business expense.
According to IRS Guidelines, professional licenses and regulatory fees are deductible as ordinary and necessary business expenses under Section 162 of the Internal Revenue Code.
You are allowed to deduct license fees for improving/maintaining/renewing your trade.
- To be deductible, your expenses must be for education that either maintains or improves your job skills, or is required by your employer or by law to keep your salary, status or job. Expenses to learn a new trade or job aren't deductible.
- As self-employed- they are your business expenses; as an employee, they are your job-related expenses in TurboTax.
Click here for "20 Tax Deductions for Self-Employed People"
Click here for "Taking Business Tax Deductions"
Click here for "What can I write off as a business expense?"
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
