Income Tax Deductions, What Expenses Are Deductible?
Trying to determine your income tax deductions at tax time can leave you full of questions about what kinds of expenses are deductible.
While doing bookkeeping, it is a really good idea to already know what these deductions are before tax time so that your
chart of accounts
can be set-up accordingly.
The income tax forms and tax deduction lists you find here will help answer your questions about deductible expenses.
I have included tax deduction lists for *
firefighters,
*
business professionals,
*
airline personnel,
*
day care providers,
*
law enforcement,
*
hairstylists,
*
truckers,
and more.
If you need help with an occupation other than those listed here, please feel free to
contact me
with your requests.
Airline Personnel Deductions
Airline personnel are able to deduct uniforms, professional fees, mileage, equipment expenses, and more.
Business Professionals Deductions
Business Professionals are able to deduct professional fees, telephone expenses, equipment purchases and many other miscellaneous expenses.
Day Care Provider Deductions
Day Care Providers are able to deduct ordinary supplies, vehicle & travel, major purchases, business use of home and more.
Direct Seller Deductions
Direct Sellers are able to deduct inventory, sales expenses, professional fees, telephone expenses, equipment purchases, and more.
Educator Deductions
Educators are able to deduct classroom aid expenses, professional fees, telephone, equipment, uniform, and other miscellaneous income tax deductions.
Firefighter Deductions
Since my husband is a firefighter, I tend to get a lot of requests for lists of firefighter deductions! :)
Firefighters are able to deduct many different things including uniforms, professional fees, continuing education expenses, equipment, meals and more.
Hairstylist/Manicurist Deductions
Hairstylist and Manicurists are able to deduct professional fees, telephone expenses, equipment & supplies, as well as other miscellaneous expenses.
Law Enforcement Deductions
Law Enforcement are able to deduct uniforms, professional fees, insurance, equipment & supplies, telephone, travel expenses and more.
Long Haul Trucker Deductions
Long Haul Truckers and Overnight Drivers are able to deduct out of town travel expenses, owner operator truck expenses, dues & fees, supplies, and other miscellaneous expenses.
Realtor Deductions
Realtors are able to deduct sales expenses, professional fees, telephone, equipment purchases, travel expenses and more.
Vehicle, Travel & Entertainment Expenses
Many different professions can deduct vehicle mileage, travel and entertainment expenses.
This is a very useful tool for helping to keep track of important information needed in order to claim these deductions.
Please come back soon to see if there are any new bookkeeping forms and tax deduction lists, or sign up for my
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to stay up-to-date with new bookkeeping articles as they become available as well as get tips and advice from myself and other bookkeeping basics visitors.
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