Cell Phone Tax Deductible
Posted onCell phones have become just as vital to business as a land line, which makes cell phone use a legitimate, deductible business expense. But for most of us, cell phones are also linked to our personal lives, so it’s a deduction that the IRS scrutinizes very carefully to make sure personal electronics use isn’t being claimed as a business expense. If you’re self-employed and you use your cell phone for business, you can claim the business use of your phone as a tax deduction. If 30 percent of your time on the phone is spent on business, you could legitimately deduct 30 percent of your phone bill. It may help to get an itemized phone bill, so you can measure your business and personal use and prove your deduction to the IRS. Alternatively, you could get a second phone number and use it exclusively for business purposes.
For more information on small business taxes, contact a Nevada Corporate Headquarters representative at 1-800-508-1729.