Could I deduct my car payment? Can I deduct any services to my car, such as oil changes or new tires? I know I can definitely deduct the gas/mileage I use while on the job. Do I need to keep track of how many miles I drive each day for my job? Also, should I keep my receipts for gas? Can I deduct the food I buy while on the job? Please, if any of you are aware of even the smallest things that I should be keeping receipts for, please let me know. I am 21 years old, unmarried, and without children. I am working as an independent contractor, just started a few days ago. I will make about $12500 for the next 6 months remaining in 2006. How much should I set aside to pay taxes next year? I will be doing a lot of driving for the job, so do the deductions that come along with driving for the job make a huge difference? I am worried that I will be stuck with a rather large payment next year and just want to be adequately prepared. Thanks in advance for your help.
2006-06-07
14:58:00
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7 answers
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asked by
ubershooz
1