Comments on: Is Website Design Tax Deductible for Small Business? http://www.charlottewebdevelopment.com/2008/11/02/website-design-costs-tax-deductible-for-small-business/ Web Design Charlotte Wed, 08 Feb 2012 18:10:31 +0000 hourly 1 http://wordpress.org/?v= By: CWD http://www.charlottewebdevelopment.com/2008/11/02/website-design-costs-tax-deductible-for-small-business/comment-page-1/#comment-9385 CWD Tue, 04 Nov 2008 23:06:31 +0000 http://www.charlottewebdevelopment.com/?p=464#comment-9385 Thanks for the comment and clarifications, Duke. You certainly have a great site over at <a href="http://www.section179.org" rel="nofollow">Section 179</a>. Highly recommended. Thanks for the comment and clarifications, Duke. You certainly have a great site over at Section 179. Highly recommended.

]]> By: Duke Adams http://www.charlottewebdevelopment.com/2008/11/02/website-design-costs-tax-deductible-for-small-business/comment-page-1/#comment-9376 Duke Adams Mon, 03 Nov 2008 03:18:31 +0000 http://www.charlottewebdevelopment.com/?p=464#comment-9376 I'm one of the contributors to Section179.Org and the question you pose is becoming one of the most common questions we get (as year-end approaches). Per the Industry Specialization Program (ISP) published by the IRS, a website development should be capitalized as an asset and amortized (depreciated) over 3 years (exactly like software). However, the IRS allows a business to deduct up to $250,000 of captial expenditure (including website development) in 2008 under section 179 (increased from the $125,000 available in 2007 by the Economic Stimulus Act of 2008, see http://www.section179.org/stimulus_act_2008.html) = making 2008 an extremely good year to invest in website development from a tax strategy standpoint. I’m one of the contributors to Section179.Org and the question you pose is becoming one of the most common questions we get (as year-end approaches).

Per the Industry Specialization Program (ISP) published by the IRS, a website development should be capitalized as an asset and amortized (depreciated) over 3 years (exactly like software).

However, the IRS allows a business to deduct up to $250,000 of captial expenditure (including website development) in 2008 under section 179 (increased from the $125,000 available in 2007 by the Economic Stimulus Act of 2008, see http://www.section179.org/stimulus_act_2008.html) = making 2008 an extremely good year to invest in website development from a tax strategy standpoint.

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