NAICS code: 811110
Mechanics do a commendable job of keeping our automobiles in check. They know how even one tiny fault can ruin the experience of a car ride. Mechanics are used to paying attention to all the minute details. But do they do their taxes with the same attentiveness? Probably not.
If you are a mechanic and haven’t taken the benefit of tax write-offs, then it’s high time to learn about them and save your hard-earned money.
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 mechanics that you can use to deduct your expenses.
Trade journal subscriptions
Write it off using: Schedule C, Box 27a
When you purchase trade journal subscriptions, they are considered as tax write-offs.
Appointment booking software
Write it off using: Schedule C, Box 18
If you use paid software applications where your clients book appointments, the subscription fee of this software can be deducted.
Advertising
Write it off using: Schedule C, Box 8
Online advertising and offline advertising are business write-offs.
Trade school tuition
Write it off using: Schedule C, Box 27a
When you take courses (both online and offline) to find out more about your job and to improve your skills, then the school tuition fees are considered as tax write-offs.
Garage rent
Write it off using: Schedule C, Box 20b
If you have rented a place to run your garage, then the IRS has allowed mechanics to write the rent off as a work expense.
Website & hosting fees
Write it off using: Schedule C, Box 8
If you pay any website to host your business like Wix or GoDaddy, then you can deduct that money from your taxes.
Uniform & branded items
Write it off using: Schedule C, Box 27a
If you are required to wear a uniform or any other branded items when you are working, then these purchases are tax-deductible.
Licensing fees
Write it off using: Schedule C, Box 23
You need a license to work legally and when you pay fees to renew or purchase a license, the fee can be deducted from taxes.
Safety gear
Write it off using: Schedule C, Box 27a
Anything you use to stay safe at the job is a tax write-off. The safety gear and mask you wear while fixing a car can be written off on taxes.
Contract labor
Write it off using: Schedule C, Box 11
When you hire other people to finish a job, you can write these off on taxes.
Accountant fees
Write it off using: Schedule C, Box 17
If you have hired a professional to take care of your finance and tax planning, then the money you pay this person can be deducted from your tax.