Use this list to make sure you’re not leaving a single penny on the table at tax time.
Free Tools
Tracking miles is tedious and, for most people, pointless. Save time and money by tracking your car expenses instead.
Every year, nearly 7 million Americans start 1099 contracting for the first time. It’s a great way to make money on your own schedule… but taxes will be more complicated than you may have thought.
It’s quite common to think that you need to have gas fill up or car wash receipt to claim a tax deduction at the end of the year. Is it true? Let's check it out.
Quarterly tax payments, also called estimated taxes, are possibly the most dreaded part of 1099 contractor taxes. It seems unfair that just because you earn money as a 1099 contractor, you have to file your taxes every three months. But is it true?
Ever since the Trump administration doubled the standard deduction to $12,000, folks have assumed that this means itemizing 1099 work expenses no longer makes as much sense. Is it true?
Have you ever found money on the pavement? Not like a few pennies and a dime, but an actual $10 bill...
A lot of people believe that in order for a meal to be classified as a “business” meal, it needs to be white tablecloth with a french waiter serving you the le plat du jour. That’s false. We’ve listed three common types of meals that can be written off, below.
A lot of contractors forget to claim business travel write offs. You don’t have to be flying first class and staying at a fancy hotel to claim this write off. Many 1099 contracting jobs involve traveling to nearby states or cities.
A lot of contractors are afraid to claim the home office deduction because they think it requires having a separate room in their home dedicated to work. It doesn't.
If you work from home, car expenses will be a huge source of your tax write offs. The IRS offers two ways to claim this write off -- the simplified method, and the regular expenses method. You can pick one or the other, but not both.
Enter your email to get notified about our new solutions
.png){kind=logo}
