24 Tax Deductions for Notary Signing Agent | Beem

NAICS code: 541100

Official forms are what notaries and signing agents deal with on a daily basis, but let’s face it, they’re not rocket scientists. Obviously, IRS tax forms and rules vary from what you normally deal with – and they are very complicated.

‍As a notary public, for example, you don’t have to pay self-employed tax on any fees you receive. Even so, income taxes still have to be paid on those fees. Additionally, you are responsible for self-employment taxes if you earn revenue as a signing agent as well.

‍Our team at Line has found a way for you to save on your IRS tax bill – income and self-employed. You’ll be able to save money by writing off all the business expenses you incur as a notary or signing agent.

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

Fees for licensing
Write it off using: Schedule C, Box 23
Tax deductions are available for the costs associated with getting or renewing a license.
Software for productivity
Write it off using: Schedule C, Box 18
You can deduct the cost of the software you use for invoicing, expense tracking, timesheet creation, and so on.
Courses for continuing education
Write it off using: Schedule C, Box 27a
A continuing education class is fully deductible if it is required to maintain your employment.

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Business cards

Write it off using: Schedule C, Box 8

You can claim advertising expenses for business cards that have your contact information on them.
Phone, laptop, accessories

Write it off using: Schedule C, Box 27a

Deducting your monthly phone bill, accessories for your job, and part of your actual phone cost may be possible.
Phone, laptop, accessories

Write it off using: Schedule C, Box 27a

Deducting your monthly phone bill, accessories for your job, and part of your actual phone cost may be possible.
E&O insurance

Write it off using: Schedule C, Box 15

Keeping your business protected with E&O insurance is essential. In addition to any other insurance you purchase for your job, you can deduct it from your taxes.
Office supplies

Write it off using: Schedule C, Box 18

Ink cartridges, binders, folders, pens, whiteboards, and binders for your office are all deductible.
NNA membership

Write it off using: Schedule C, Box 27a

What other professional associations do you belong to? Do you pay dues to the National Notary Association? Those fees can be deducted from your taxes.

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!