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How to Take the Deductions. The IRS allows you to deduct $5,000 in business startup costs and $5,000 in organizational costs, but only if your total startup costs are $50,000 or less.If your startup costs for either area exceed $50,000, the amount of your allowable deduction will be reduced by that dollar amount.ow to Take the Deductions. The IRS allows you to deduct $5,000 in business startup costs and $5,000 in organizational costs, but only if your total startup costs are $50,000 or less.
If you use it more than 50 percent of the time for business, you can still deduct the costs. But, you do have to account for the personal time. So, if you use a $1,000 computer 60 percent of the time for business, you may deduct $600. Are There Exceptions to Start Up Cost Deduction? Some costs related to opening a business that are not considered start-up expenses.