Deducting Start-up Costs from Your Business or Personal TaxesJoseph Lizio
Sec. 195 requires that a startup cost be "otherwise deductible." Regs. Secs. 1.263(a)-4and -5require a taxpayer to capitalize certain amounts that would ordinarily fall under the definition of startup costs. Because these particular startup costs are not otherwise deductible, they cannot be ...
If you paid a daycare center, babysitter, summer camp, or other care provider to care for a qualifying child under age 13 or a disabled dependent of any age, you may qualify for a tax credit of up to 35 percent of qualifying expenses of $3,000 ($1,050) ...