How Much Of Cell Phone Bill Is Tax Deductible. You need to calculate how much you use your cellphone and internet for business and how much you used for personal use. If my phone bill is 100month I can take a tax deduction of 24month 24 of 100 or 288year.
So 50000 multiplied by 30 15000. 313 rows Average taxes on a cell phone bill. These records do not in themselves justify deducting the full cost of the bill.
You calculated that you used your phone 30 of the time for business and 70 of the time for personal.
For the self-employed especially many tax experts caution against claiming 100 business use of a cell phone or internet. Can much of your cell phone bill can you deduct. If you subscribe to any online tools for your real estate business be sure to keep your receiptsthese expenses are deductible. If 30 percent of your time spent on your cell phone is used for business you can deduct 30 percent of the cost of your cell phone bill on your taxes.
