NAICS code: 238220
Plumbers spend their days clearing clogged drains. If you are a plumber and you aren’t mindful when you are doing your taxes, then it may clog your earnings as well. You can go through the below list of tax write-offs that will help you reduce your tax bill.
The tools you need to buy and the education courses you’ve been taking, all of them can be reimbursed if you write them off on taxes using the correct schedule and box number.
We have put together a list of the most common write-offs for plumbers that you can use to deduct your expenses.
Licensing fees
Write it off using: Schedule C, Box 23
The fees or renewal of the license to perform your work are fully deductible.
Union dues
Write it off using: Schedule C, Box 27a
If you belong to a union, go ahead and write off your dues.
Advertising
Write it off using: Schedule C, Box 8
Print and online advertising costs for your business are considered write-offs.
Continuing education classes
Write it off using: Schedule C, Box 27a
Continuing education classes required to keep your job are fully deductible.
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.
Protective gear
Write it off using: Schedule C, Box 22
Write off the protective gear, like goggles and gloves, you wear while performing electrical work.
Website & hosting fees
Write it off using: Schedule C, Box 8
Squarespace, Wix, GoDaddy, and other website service fees are fully tax-deductible.
Plumbing tools & equipment
Write it off using: Schedule C, Box 22
When you purchase tools related to your business, you can write them off on taxes.