As a mechanic, you know that having even one gear out of alignment can throw off an entire engine. You’re used to paying attention to all the small details. But what about when it comes to your taxes?
Too often, mechanics don’t realize all the pieces they’re leaving out, instead of building a beautiful savings machine. That’s why here at Keeper, we’re giving you all the parts you need to lower your tax bill, by bringing together all the write-offs you can use it one place. Soon you’ll be saving so much money, your wallet will be running like a well-oiled machine!
Schedule C, Box 27a
Any subscriptions to trade journals related to your industry are considered tax write-offs.
Schedule C, Box 18
If you use software to keep track of appointments, write off the subscription.
Schedule C, Box 27a
This includes uniforms or any branded items you must wear while working.
Schedule C, Box 23
Fees to get or renew your license to perform your work are fully deductible.
Schedule C, Box 27a
Anything you wear to stay safe on the job is a write-off.
Schedule C, Box 8
Print and online advertising costs for your business are considered write-offs.
Schedule C, Box 8
Squarespace, Wix, GoDaddy, and other website service fees are fully tax-deductible.
Schedule C, Box 11
Write off the fees you pay to contract labor to help you complete projects.
Schedule C, Box 17
Do you pay a professional to audit your financial records and take care of your tax planning? Their fees are a write-off.
Schedule C, Box 27a
If you take courses to learn new skills as a contractor, you can write off what you pay.
Schedule C, Box 20b
Pay rent on your garage or shop? The IRS allows you to write it off as a work expense.
Working on other peoples' cars may find you spending a fair amount of time driving your own car for work. For instance, picking up supplies, attending a work-related course, or making house calls for clients who need repair work done.
If this applies to you, feel free to deduct some of your car-related expenses.
Schedule C, Box 27a
Parking for a meeting downtown, or any other work trip, is tax-deductible!
Schedule C, Box 27a
A toll while driving to or from a work destination is tax-deductible!
Schedule C, Box 13
If you buy a new car, you can write off part of the cost every year for five years.
Schedule C, Box 22
Flashlights, tire iron, duct tape, and other tools you may need in your vehicle are deductible.
Schedule C, Box 15
Car insurance monthly fees, registration, even roadside assistance are partially deductible.
Schedule C, Box 9
Oil changes, repairs, and regular checkups are all tax-deductible if you drive for work.
Working on other peoples' cars may find you spending a fair amount of time driving your own car for work. For instance, picking up supplies, attending a work-related course, or making house calls for clients who need repair work done.If this applies to you, feel free to deduct some of your car-related expenses.
Schedule C, Box 24b
If you discuss work with a coworker, mentor, client, or prospective client, it's a write-off!
The train ticket and hotel room you booked to attend an out-of-town trade show or industry conference, for example, are tax-deductible because they qualify as business trip expenses.
Schedule C, Box 24a
Planes, trains, and car rentals are all work-related travel costs that can be written off.
Schedule C, Box 24a
When you travel for work, lodging expenses such as hotel rooms or Airbnb are write offs.
Schedule C, Box 24a
When you're traveling for work, all meals are tax-deductible. Even takeout!
If you offer mechanic services from your home garage, you're of course eligible to claim home office deductions.
But don't forget to also take into account the time you spend working from home on administrative responsibilities, such as tool maintenance, client development, advertising, or doing industry research.
Schedule C, Box 18
A desk, chairs, lamps, and other home office necessities are all tax write-offs.
Schedule C, Box 21
You can write off up to $2,500 for individual repairs to your property.
Form 8829
Gotta keep the lights on in your home office! A portion of your electricity bill counts.
Form 8829
Whether it's rental or homeowners insurance, you can write off a portion through your home office deduction.
Form 8829
It'd be hard to work in an office without running water, huh? You water bill counts.
Schedule C, Box 25
Your Comcast bill is a tax write-off. You need internet to do your job!
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