Contractor Tax Deductions
Independent contractor tax deductions guide. As a 1099 worker, you have access to many deductions that W-2 employees cannot claim.
check_circleWhat You Can Deduct
- checkTools and equipment
- checkVehicle and mileage
- checkUniforms and safety gear
- checkSubcontractor payments
- checkLicensing and permits
- checkBond and insurance costs
- checkMaterials and supplies
- checkJob site expenses
lightbulbTips for Keeping Records
- tips_and_updatesRequest a W-9 from all subcontractors you pay over $600
- tips_and_updatesKeep a detailed mileage log for all job-related driving
- tips_and_updatesDocument the business purpose of every expense
- tips_and_updatesFile 1099-NEC forms for subcontractors by January 31
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Freelancer Deductions
Comprehensive guide to tax deductions available for freelancers and independent contractors. Maximize your write-offs and reduce taxable income.
Subcontractor Costs Deductions
Costs paid to subcontractors for work performed on your projects. Common in construction, IT, and professional services industries where you delegate portions of client work.
Construction Materials Deductions
Material costs for construction projects are deductible as job expenses or COGS. From lumber to concrete, every material purchase reduces your taxable income.