NAICS code: 812112
You are a self-employed hairstylist, which means you are your own employer. And filing taxes as your own boss can be hectic. You don’t have to worry about it because there are some tax write-offs that will come in handy when you are filing your taxes.
You will be surprised to learn how you won’t have to pay for scissors, hair care products, and all the other hairstyling tools from your own pocket. You can notify the IRS that these purchases are business-related and you can get your money back.
We have put together a list of the most common write-offs for independent hairstylists that you can use to deduct your expenses.
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Continuing education classes
Write it off using: Schedule C, Box 27a
Continuing education classes required to keep your job are fully deductible.
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Cosmetic license
Write it off using: Schedule C, Box 23
You need a license to work as a hairstylist. The licensing fees that you pay can be written off on taxes as well.
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Advertising
Write it off using: Schedule C, Box 8
Both work-related online and offline advertising costs are tax deductible.
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Chair fees
Write it off using: Schedule C, Box 10
You need chairs for your customers to sit. When you purchase these chairs, you can write them off of taxes.
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Appointment booking software
Write it off using: Schedule C, Box 18
If you have installed a paid software for your customers to book their appointments, then write off the subscription fee on taxes.
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Haircare tools & supplies
Write it off using: Schedule C, Box 22
Shampoos, hair styling equipment like straighteners, curlers, and other hair care products are all tax deductible.
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Website & hosting fees
Write it off using: Schedule C, Box 8
Website service fees on Wix, GoDaddy, and Squarespace are all completely tax deductible.
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Inventory & samples
Write it off using: Schedule C, Box 36 (COGS)
If you need to rent a place to keep your inventory and samples, then you can write off the rent money on taxes.
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News & magazine subscriptions
Write it off using: Schedule C, Box 27a
When you buy newspaper and magazine subscriptions for customers, you can deduct the money on taxes.
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Creative assistance
Write it off using: Schedule C, Box 11
If you have hired a graphic designer, copywriter, or photographer for publishing and advertising purposes, then you can write off the money you pay them.
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Music streaming services
Write it off using: Schedule C, Box 27a
If you use streaming platforms like Spotify and Pandora to entertain your customers in the salon, then you can write off the subscription fees.