Little known tax write off suggestions? - Mothering Forums

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#1 of 4 Old 03-20-2013, 03:04 PM - Thread Starter
 
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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

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#2 of 4 Old 05-11-2013, 05:18 PM
 
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Well I hope you found more write offs by now since you probably have already filed. Best!!

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#3 of 4 Old 07-05-2013, 02:37 PM
 
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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 =)

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#4 of 4 Old 08-09-2014, 09:10 PM
 
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Before we went S corp and had to hire a CPA -
I always used Turbotax Home and Business and it calculates all of that for you - super easy to make sure you don't overpay!
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