Is Netflix Tax Deductible for Your Business?

Whether netflix is tax deductible depends on how you use it and your specific business situation. The IRS evaluates deductibility based on whether the expense is ordinary and necessary for your particular trade or business.

Key Rules for Deducting Netflix

Netflix is generally NOT deductible. It's only deductible if explicitly required for research in your trade—such as a professional screenwriter, TV critic, or film reviewer.

Requirements to Claim This Deduction

• Must be directly required for your trade
• Must produce business output from it (reviews, scripts)
• General 'staying informed' doesn't count

How to Document Netflix for Tax Purposes

Proper documentation is critical for any business deduction. For netflix, you should:

• Keep all receipts and invoices showing the amount paid
• Record the date of the expense and the business purpose
• If mixed-use, maintain a log showing business vs. personal usage
• Store records for at least 3 years (7 years for major purchases)

Source: IRC § 162. This information is for educational purposes only. Consult a qualified tax professional for advice specific to your situation.