Consultants are likely to have deductible business expenses that can help you save big on your taxes. A checklist can help you account for every deduction you’re entitled to use. See the full TurboTax article for the top tax deductions for consultants.
Self-employed taxpayers report their business income and expenses on Schedule C. Schedule C can seem daunting, but filing will be easier if you plan ahead and keep good records. In the full TurboTax article, we’ve broken down the form into sections, so you can see what the IRS expects from you and what records you’ll need at tax time.
Tax and Uber driver-partner expert Lisa Skelly from TurboTax talks about self-employment tax forms and payments specific to Uber drivers in the latest TurboTax tax tip video. Watch for more info on how bonuses, referral fees and Uber driver business expenses may affect your tax return this year.
For more help preparing your taxes as an Uber driver-partner, visit TurboTax Self-Employed.
If you’re an Uber driver-partner or contract with another car sharing company, you may be able to lower your taxes with business expense write offs in addition to vehicle maintenance costs, such as cell phone chargers and amenities for passengers.
Watch this new TurboTax tax tip video to learn all about common expenses and tax deductions for Uber driver-partners. For help preparing your self-employed tax return, visit TurboTax Self-Employed.
Test your knowledge on what parts of your home office are tax deductible!
Some good news for self-employed business owners: Deducting business travel expenses is not nearly as murky as you may think! Check out the three main guidelines for determining if your business travel expenses are deductible at the TurboTax Blog.
Don’t forget, when you use QuickBooks Self-Employed, you can easily track your business income, expenses, mileage, and separate business and personal expenses all year round then export your information directly to TurboTax Self-Employed to make your taxes simple.
Renting out your home through services like Airbnb or FlipKey? Watch this helpful tax tip video from TurboTax for info on deducting rental expenses, home repairs and reporting your Airbnb rental income on your taxes.
Are you a driver for a car sharing company, such as Uber or Lyft?
Watch this TurboTax tax tip video for helpful information on filing taxes as a car sharing driver for Uber, Lyft and others.
Attention “Taskers” for TaskRabbit: Definitely check out this TurboTax tax tip article to make sure you know the ins and outs of independent contractor taxes.
Your car might save you a bundle come April 15, especially if you drive as part of your work. Find out more in our tax tip article – Driving Down Taxes: Auto-Related Tax Deductions.
Many of you may know about dependent and education related tax deductions, but there may be a few deductions out there that may surprise you.
Worried about planning your work happy hour? Don’t sweat it: you can deduct party expenses as long as they are business-related!
If you use your car for anything work-related, other than simply commuting from home to work, there are tax deductions you should know about. Learn more in our blog post – Driving Down Taxes: Auto-Related Tax Deductions.
You can only deduct business expenses that the IRS deems “reasonable.” Learn more about the IRS rules for reasonable business expenses.