NAICS code: 238210
Let’s face it, most people aren’t particularly interested in taxes. However, an independent electrician can cross-circuit taxes so that he or she saves money every time he or she spends money on their business.
These ordinary expenses, such as replacing parts and maintaining your truck, may feel like a burden, but once you write them off on your taxes, you’ll see their true value! You’ll never have to guess again because we’ve compiled all the best write-offs for electricians under one roof.
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 welders that you can use to deduct your expenses.
Uniforms
Write it off using: Schedule C, Box 27a
Any uniforms you’re required to wear on the job are considered tax-deductible.
Uniform dry cleaning
Write it off using: Schedule C, Box 27a
If you need to get your uniform professionally dry cleaned, you can write it off.
Contract labor
Write it off using: Schedule C, Box 11
Write off the fees you pay to contract labor to help you complete projects.
Trade school tuition
Write it off using: Schedule C, Box 27a
If you take courses to learn new skills as a contractor, you can write off what you pay.
Union dues
Write it off using: Schedule C, Box 27a
If you are part of a union, go ahead and write off your dues.
Electrical tools & equipment
Write it off using: Schedule C, Box 22
Tools and equipment used to fix electrical problems for clients are tax write-offs.
⚡Protective gear
Write it off using: Schedule C, Box 22
Write off the protective gear, like goggles and gloves, you wear while performing electrical work.