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April 11, 2025
Question

Paid for '25 business license in '24, when can I deduct it?

  • April 11, 2025
  • 1 reply
  • 0 views

I paid for my 2025 annual business license in 2024.  Can I deduct that in '24 because that's when it was paid, or do I have to wait for '25?

    1 reply

    DoninGA
    Employee
    April 11, 2025

    Since you paid for the license in 2024 you can enter that as a 2024 business expense.