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    tola jeds's Avatar
    tola jeds Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Dec 17, 2015, 06:20 AM
    Tax breaks available for Online Educational centers in US?
    I am in the middle of a startup and would like to know what sort of tax breaks are available to my company (which is an online educational institution) and what states? I am based in US.
    joypulv's Avatar
    joypulv Posts: 21,591, Reputation: 2941
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    #2

    Dec 17, 2015, 08:15 AM
    You don't get any Federal tax breaks, other than easily declaring a loss for the first 5 years. I'm not sure why you would have centers, plural. It's online. You aren't paying sales tax to the buyer's state.
    Operate out of the state you are in. My state, a northern state, like many northern states, gives tax breaks because businesses have left the state. Each state has different incentives that change a lot.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #3

    Dec 17, 2015, 09:06 AM
    What Joy says is accurate. Tax breaks for on-line companies simply do not exist.
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