NAICS code: 561900
Event planning is an exhilarating profession that requires good organizational skills and a smooth execution process. You may be well-versed with how to pull off a breathtaking occasion. But tracking your expenses for taxes is no child’s play and can be stress-inducing. While your work life keeps you busy, don’t forget to use some work expenses that you can claim as tax write-offs.
We have put together a list of the most common write-offs for event planners that you can use to deduct your expenses.
Online advertising
Write it off using: Schedule C, Box 8
The money you pay for Facebook Ads, Instagram Ads, and Google AdWords is a tax-deductible expense.
Productivity software
Write it off using: Schedule C, Box 18
Software you use for invoicing, tracking expenses, creating timesheets, and so on is deductible.
Conferences & retreats
Write it off using: Schedule C, Box 27a
The money you spend on conferences are tax deductible since they help you be up to date with the industry.
News & magazine subscriptions
Write it off using: Schedule C, Box 27a
Newspaper or magazine subscriptions used for work-related research can be written off.
Event space
Write it off using: Schedule C, Box 20b
If you have to rent space to host a community event, write off the fee!
Event planning software
Write it off using: Schedule C, Box 18
Specific software subscriptions, like Cvent and Social Tables, are tax-deductible.
Website & hosting fees
Write it off using: Schedule C, Box 8
Squarespace, Wix, GoDaddy, and other website service fees are fully tax-deductible.
Professional photos
Write it off using: Schedule C, Box 11
Hiring a photographer to take professional photos for your portfolio can be deducted.
Costumes & accessories
Write it off using: Schedule C, Box 27a
Costumes for photoshoots, dance performances, or acting gigs are write-offs.
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.
Educational books
Write it off using: Schedule C, Box 27a
Educational books to increase your knowledge and skills are tax write-offs.
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.
Self-promotional materials
Write it off using: Schedule C, Box 8
Audition tapes, portfolios, business cards: write off anything you use to promote yourself.
Performance tickets
Write it off using: Schedule C, Box 27a
For you, seeing a show counts as research. Study up and write it off!
Social media tools
Write it off using: Schedule C, Box 18
Write off the tools you use to create assets, schedule posts, or pull analytics.