or Connect
Mothering › Mothering Forums › Mom › Parenting › Work from Home Parents › Little known tax write off suggestions?
New Posts  All Forums:Forum Nav:

Little known tax write off suggestions?

post #1 of 3
Thread Starter 

Other than the obvious tax write offs like a home office or business supplies, are there any other tax write offs you can think of for those who are WAHM on a 1099 income?

 

1099 income taxes are terrible, so I'd love if anyone could let me know about little known tax write offs as I always feel like I'm overpaying...

 

Ones I think people forget are

  • % of utilities used for work
  • gas/food for business trips
  • convention tickets
  • also tax deductions for medical
post #2 of 3

Well I hope you found more write offs by now since you probably have already filed. Best!!

post #3 of 3

I used TaxAct.com to do my filings and they go through every line of the home-use of a business forms, which covers just about every write off possible. You also roll-over any deduction for using your home for your business that's left (if you don't make as much as the deduction would give you, because of a business loss), which has meant I don't pay any taxes on my biz. Mostly, that means it's cost more to run my business than I've earned doing it, which isn't great, but I already live here and already would be paying nearly the same in utilities anyway =)

New Posts  All Forums:Forum Nav:
  Return Home
  Back to Forum: Work from Home Parents
Mothering › Mothering Forums › Mom › Parenting › Work from Home Parents › Little known tax write off suggestions?