More than a quarter (27%) of US small business owners are not aware that the IRS allows them to deduct certain marketing expenses from their taxes, according to a recent report from 99designs.

However, of the 73% who are aware of the deduction, just more than half (57%) say they are taking advantage of it on their 2013 tax return.

Nearly two-thirds (64%) of the small business owners deducting marketing expense say they are writing off about the same amount this year as on their 2012 return, 22% are deducting more, and 14% are deducting less.

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ABOUT THE AUTHOR
image of Ayaz Nanji

Ayaz Nanji is an independent digital strategist and a co-founder of ICW Content, a marketing agency specializing in content creation for brands and businesses. He is also a research writer for MarketingProfs. He has worked for Google/YouTube, the Travel Channel, AOL, and the New York Times.

LinkedIn: Ayaz Nanji

Twitter: @ayaznanji