Launching a new business takes hard work -- and money. Costs for market surveys, travel to line up potential distributors and suppliers, advertising, hiring employees, training, and other expenses incurred before a business is officially launched can add up to a substantial amount. The tax law places certain limitations on tax deductions for start-up expenses. No deduction is available until the business becomes active. Up to $5,000 of accumulated start-up expenses may be deducted in … [Read more...] about Business Start-Up Costs — What’s Deductible?