05 06

What can i write off on my taxes as a 1099

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When you receive a 1099-MISC form for services you have provided to a company or someone else, you are not an employee -- you are self-employed independent contractor. This means you are responsible for your own business expenses; federal, Social Security and Medicare taxes; and all other costs related to your business. As an independent contractor, you have legitimate business expenses that you can write off against your taxes. Keep accurate receipts and records and meet with a tax accountant to ensure you take advantage of all the tax deductions you have and to ensure your tax forms are correct, as the IRS often changes the tax laws each year.

what can i write off on my taxes as a 1099 Top Tax Write-offs for the Self-Employed - TurboTax Tax.


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