NAICS code: 238320
Whether you are a commercial painter or a residential painter, the quality of your work speaks for itself. Does your tax preparation receive the same level of attention? Many painters fail to take all the write-offs that their business is entitled to, drying up their savings and limiting their opportunities in the future.
To add another hectic task such as tax filing means adding more than they can handle to their workload. That’s why we are here to provide you with all the tax write-offs you can prepare beforehand and use to save money on your tax returns. This will ease the burden a little and you will be able to manage your stress while lowering your tax payment.
We have put together a list of the most common write-offs for commercial painters that you can use to deduct your expenses.
Marketing materialsWrite it off using: Schedule C, Box 8
It is tax deductible to purchase business cards, brochures, service menus, and flyers advertising your business.
- Uniforms
Write it off using: Schedule C, Box 27a
Tax-deductible uniforms include any that you are required to wear on the job.
- Advertising
Write it off using: Schedule C, Box 8
The costs of print and online advertising for your business can be deducted from your taxes.
Marketing materials
Uniforms
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Website & hosting fees
Write it off using: Schedule C, Box 8
Several website service providers, including Squarespace, Wix, GoDaddy, and others, are fully tax-deductible.
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Uniform dry cleaning
Write it off using: Schedule C, Box 27a
Your uniform can be written off if it needs to be dry-cleaned professionally.
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Paint supplies
Write it off using: Schedule C, Box 22
There is no tax deduction for paint, brushes, tarps, clothes, or any other painting supplies.
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Contract labor
Write it off using: Schedule C, Box 11
If you hire contract labor for a project, you can write off the fees you pay.
Website & hosting fees
Uniform dry cleaning
Paint supplies
Contract labor
Parking
Tolls
Car purchase & depreciation
Vehicle tool kit
Car insurance & registration
Car maintenance
Transportation
Travel lodging
Meals while traveling
Home office furniture
Power bill
Property insurance
Water bill
