NAICS code: 236200
A contractor’s job isn’t easy. And imagine giving away your hard-earned money to the Internal Revenue Service (IRS). Here are a few guidelines you can follow to claim your tax write-off you’re allowed to.
We have put together a list of the most common write-offs for construction contractors that you can use to deduct your expenses.
Safety gear & uniforms
Write it off using: Schedule C, Box 27a
Boots and helmets that are used by you and your team for safety at work can be deducted.
Machinery & tools
Write it off using: Schedule C, Box 13
Ladders, large tools and heavy machinery can be deducted from depreciation.
Online advertising
Write it off using: Schedule C, Box 8
Ads you spend on Facebook and Google AdWords are tax-deductible expenditures.
Legal fees
Write it off using: Schedule C, Box 17
Legal fees for work, or if you’ve set up an LLC, are tax deductible.
Seminars & workshops
Write it off using: Schedule C, Box 27a
Classes, meetings, discussions and conferences are all deductibles.
Union dues
Write it off using: Schedule C, Box 27a
If you belong to a union, go ahead and write off your dues.
📱Phone, laptop, accessories
Write it off using: Schedule C, Box 27a
If buy a phone or laptop and use it for work, it’s partially deductible.
📝 Office supplies
Write it off using: Schedule C, Box 18
Deduct anything you buy for your office, like pens, binders, folders, printer ink, or a whiteboard.
🖥️Lead generation software
Write it off using: Schedule C, Box 18
Software for CRM, lead generation, or email marketing is considered a write-off.
👨💻Productivity software
Write it off using: Schedule C, Box 18
Any software you use for invoicing, tracking expenses, and creating timesheets, among others is deductible.
🛠️Contract labor
Write it off using: Schedule C, Box 11
You can write off fees you pay to contract labor to help you complete projects.
📃Commercial license
Write it off using: Schedule C, Box 23
Fees to get a commercial license to operate heavy machinery and vehicles are deductible.