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As a dog walker with Wag, you're likely considered a self-employed individual, which means you can deduct a variety of business expenses on your tax return. Here are some common deductions you might be eligible for:
1. **Vehicle Expenses**: If you use your car to travel to and from clients' homes, you can deduct the cost of gas, maintenance, and repairs, or you can use the standard mileage rate. Remember to keep a detailed log of your business miles.
2. **Supplies**: Any supplies you purchase for your dog walking business, like leashes, poop bags, or treats, can be deducted.
3. **Phone and Internet**: If you use your phone or internet for your business, you can deduct a portion of these costs.
4. **Home Office**: If you use a part of your home exclusively for your business, you may be able to claim a home office deduction.
5. **Insurance**: If you have a specific insurance policy for your dog walking business, you can deduct the premiums.
6. **Advertising**: Costs to advertise your services, like business cards or online ads, are deductible.
7. **Training and Professional Development**: If you take any courses or attend seminars to improve your dog handling skills, these costs can be deducted.
Remember, it's important to keep detailed records of all your expenses throughout the year to make tax time easier.
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