What qualifies?
- USPS stamps, Priority Mail, Express Mail
- FedEx and UPS business shipments
- Packaging materials (boxes, tape, bubble wrap, labels)
- PO Box rental
- Business mailings (invoices, contracts, marketing materials)
- Shipping software subscriptions (ShipStation, Pirate Ship)
- Return shipping labels
E-commerce sellers
For e-commerce businesses, shipping is often your largest expense after product costs. Track it carefully. Shipping charged to customers is income, and shipping you pay is an expense. The net difference matters for your P&L.
IRS Reference
Postage and shipping are ordinary business expenses under IRC Section 162. Report on Schedule C, Line 18 (Office expense) or Line 27a (Other expenses).
Postage and shipping are ordinary business expenses under IRC Section 162. Report on Schedule C, Line 18 (Office expense) or Line 27a (Other expenses).
Track shipping costs automatically
Hivebooks categorizes your USPS, FedEx, and UPS charges when you connect your bank or credit card.
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