Alright, let’s cut to the chase. You’re a network marketer, hustling and juggling more tasks than a circus performer. But are you leaving money on the table because you don’t know what the IRS counts as “ordinary and necessary” expenses? We’re diving deep into these terms, how they affect your deductions, and how you can turn them into tax-saving superpowers. Buckle up!

Imagine this: You’re running a business, grinding day in and day out. You’re throwing cash at everything from travel expenses to promotional gear. But if you’re not careful, that money could be slipping through your fingers when tax season hits. Knowing what’s deductible—and how to claim it—can make or break your business’s bank account.

Here’s the kicker: Every dollar you can legit deduct is a dollar back in your pocket. That’s cash you can reinvest in growing your business, taking a vacation, or even treating yourself to something special. So don’t sleep on it.

If you’ve ever scratched your head at IRS lingo, you’re not alone. Let’s break it down.

Ordinary Expenses: These are the costs every other hustling network marketer is racking up too. Think advertising costs, training resources, and those conference trips. It’s what everybody in your industry is doing to keep the wheels turning.

Necessary Expenses: Now, we’re talking expenses that are helpful and appropriate for keeping your business rolling. This includes things like home office setups (if you’re working from your spare bedroom) and management software like Keep More Worry Less to keep your finances organized.

You want every expense to check both boxes—ordinary and necessary—before it hits your tax forms. Don’t play games with the IRS on this one.

Hey, just because you dropped the word “business” at dinner doesn’t mean you can write off that steak and lobster. The IRS is no fool. They’re looking for clear, legitimate reasons why each expense is essential for running your business.

Alright, let’s get to the good stuff. Here are expenses you should be deducting, no excuses:

It’s not just about what you can claim—it’s about what you shouldn’t. The IRS is on the lookout for certain “red flag” expenses that might get you audited or, even worse, leave you with denied deductions and penalties.

The rule is simple: If it doesn’t directly contribute to your business, don’t claim it.

Listen, you can’t just scribble numbers on a napkin and hope for the best. You need real, solid documentation to back up every dollar you claim. Think receipts, logs, statements—the works. And hey, if that sounds like a pain, there’s a solution.

​Keep More Worry Less does the heavy lifting for you. It organizes your expenses, keeps everything digital, and makes tax season a breeze. So, instead of scrambling to find that crumpled receipt from five months ago, you can focus on growing your empire.

If there’s one thing you should take away, it’s this: The more you understand what’s deductible, the more you can save. Keep records tight, stay within IRS rules, and always, always have a strategy for documenting everything.

Your business is your baby. Protect it. Learn the rules, make smart decisions, and use tools like Keep More Worry Less to stay compliant and maximize those deductions.

Can I Deduct Virtual Networking Events?

Yes! If the event is directly related to your network marketing biz, those registration fees are deductible. Just keep a record of the event details and costs.

Are Product Samples Deductible?

You bet. Giving out samples to potential clients is an ordinary and necessary expense. Keep records of who received them and how they helped your business.

Can I Deduct Mileage for Business Trips?

Absolutely. For 202, the IRS mileage rate is 67 cents per mile. Keep a log of all your business drives—meetings, presentations, you name it. Check the IRS site for updates and changes.

Can Network Marketers Deduct Health Insurance Premiums?

Yes, if you’re self-employed and not covered by an employer’s plan. These deductions can lower your taxable income. Just make sure the premiums are for yourself, your spouse, or dependents.

What About Special Deductions for New Network Marketing Businesses?

You can deduct up to $5,000 in startup costs in your first year. Think market analysis, initial travel, and getting trained up. Keep detailed records to back it all up.

Knowing what’s deductible isn’t just about staying compliant—it’s about winning at your business game. Keep clear records, stay smart about what you’re claiming, and let Keep More Worry Less do the heavy lifting. You’ve got a business to grow, so let’s keep your money where it belongs—in your pocket.