31 Tax Deductions for Farmers | Beem

NAICS code: 999999

There’s nothing like eating fresh ingredients that you’ve just cultivated on your farm and sitting down to a meal. You probably won’t, but you can save money on your taxes!
Being a farmer has never been more rewarding. It is so simple to harvest your savings and keep even more money in your pocket by simply taking advantage of the everyday business expenses that your farm must incur.

We have put together a list of the most common write-offs for farmers that you can use to deduct your expenses.

Farm animals
Write it off using: Schedule C, Box 13 (Fixed asset)
If you own livestock, such as cows, horses, or pigs, you can deduct their costs from your taxes.
Livestock feed
Write it off using: Schedule C, Box 22
The cost of food used to feed livestock on the farm is considered to be deductible on your tax return.
Plants & Seeds
Write it off using: Schedule C, Box 38 (COGS)
It is possible to take the tax deduction on the cost of seeds and plants that you purchase for growing and harvesting.
Farming supplies
Write it off using: Schedule C, Box 22
You can deduct the cost of small supplies that you use for farming purposes, such as shovels and hoes.
Veterinary care
Write it off using: Schedule C, Box 17
If your livestock becomes sick or needs medical attention, you can deduct the vet bills from your payments.
Depreciation of equipment
Write it off using: Schedule C, Box 13
There is a tax deduction available for the depreciation of your equipment and machinery.

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Website & hosting fees

Write it off using: Schedule C, Box 8

There is a full tax deduction available for Squarespace, Wix, GoDaddy, and other website service fees.
Repairs & maintenance

Write it off using: Schedule C, Box 9

The amount you spend on car repairs and scheduled maintenance can be deducted from your tax return.
Advertising

Write it off using: Schedule C, Box 8

Your company can deduct the cost of print and online advertising for your business as a write-off.
Assistance provided by contractors

Write it off using: Schedule C, Box 11

It is possible to get a tax deduction for the costs of freelancers, contractors, or other services that help you run your business.
Materials for packaging

Write it off using: Schedule C, Box 22

Are you looking to ship any of your products? The materials you purchase to keep it safe during transportation can be deducted from your taxes.
Education for farmers

Write it off using: Schedule C, Box 27a

Deduct any courses, training sessions, or seminars that will make you a better farmer, regardless of whether the subject matter is farm safety or sustainable agriculture.
Fees for accountants

Write it off using: Schedule C, Box 17

Is professional auditing your account records and preparing your taxes something you pay someone to handle for you? The fees they charge are deductible from your taxes.
Policy for farm insurance

Write it off using: Schedule C, Box 15

It is possible to claim the cost of any farm insurance you purchase for the purpose of protecting your barns and assets or covering you from liability.
Machines and equipment for farming

Write it off using: Schedule C, Box 13 (Fixed assets)

Tax deductions are available for large machinery and equipment used in farming.

If you drive for work ...

You might spend a lot of your time zipping around town to meet clients, finish assignments and do your research among other tasks. Luckily, you can write off car-related expenses like maintenance and gas. Keep these tax write-offs in mind as a growing .

Parking
Write it off using: Schedule C, Box 27a
Parking for a meeting downtown, or any other work trip, is tax-deductible!
Tolls
Write it off using: Schedule C, Box 27a
A toll while driving to or from a work destination is tax-deductible!
Car purchase & depreciation
Write it off using: Schedule C, Box 13
If you buy a new car, you can write off part of the cost every year for five years.
Vehicle tool kit
Write it off using: Schedule C, Box 22
Flashlights, tire iron, duct tape, and other tools you may need in your vehicle are deductible.
Car insurance & registration
Write it off using: Schedule C, Box 15
Car insurance monthly fees, registration, even roadside assistance are partially deductible.
Car maintenance
Write it off using: Schedule C, Box 9
Oil changes, repairs, and regular checkups are all tax-deductible if you drive for work.

If you discuss work at a restaurant ...

Networking is a core practice of a successful and it can also be added to your tax write-offs. You likely often meet clients or people in your field at restaurants to chat about work, discuss projects and sign deals. When you do, remember to write off your business meal expenses.

🍔 Business meals
Write it off using: Schedule C, Box 24b
If you discuss work with a coworker, mentor, client, or prospective client, it’s a write-off!

If you leave town for work ...

Meeting an out-of-town client, attending a conference or networking is all part of the job. There are many reasons for you to travel for work as a busy and they can all be added as tax write-offs. They also count as business trips, so you can write off your travel costs.

Transportation
Write it off using: Schedule C, Box 24a
Planes, trains, and car rentals are all work-related travel costs that can be written off.
Travel lodging
Write it off using: Schedule C, Box 24a
When you travel for work, lodging expenses such as hotel rooms or Airbnb are write offs.
Meals while traveling
Write it off using: Schedule C, Box 24a
When you’re traveling for work, all meals are tax-deductible. Even takeout!

If you work from home ...

When you’re not busy working outside, you might spend your time working from your home as a successful and many activities count as tax write-offs. These include business plans, promotional work and coming up with new strategies. In this case, don’t forget to write off your home office expenses!

Home office furniture
Write it off using: Schedule C, Box 18
A desk, chairs, lamps, and other home office necessities are all tax write-offs.
Property repairs
Write it off using: Schedule C, Box 21
You can write off up to $2,500 for individual repairs to your property.
Power bill
Write it off using: Form 8829
Gotta keep the lights on in your home office! A portion of your electricity bill counts.
Property insurance
Write it off using: Form 8829
Whether it’s rental or homeowners insurance, you can write off a portion through your home office deduction.
Water bill
Write it off using: Form 8829
It’d be hard to work in an office without running water, huh? You water bill counts.
Wi-Fi bill
Write it off using: Schedule C, Box 25
Your Comcast bill is a tax write-off. You need internet to do your job!