I work in construction, and I would like to know what, if any limit there is to a write off.
2006-06-30 14:02:47 · 7 answers · asked by lvn_sjb06 1 in Business & Finance ➔ Taxes ➔ United States
you don't need a certain amount of deductions to write it off. You are fine for construction equipment. Go on the internet and use the search word for IRS, find where it says, forms and publications. Find where it says Employee Expense, print out the form and the publication for it. There is no limit for tools. You can also on the form if you need a uniform or coveralls or steel toe shoes which has to be used for work related only!I It will explain what you can or cannot do. As long as it is not reimbursed through the employer which will show on your W-2 or 1099.
2006-06-30 15:36:55 · answer #1 · answered by Anonymous · 0⤊ 0⤋
It is most likely that you can. I know my father wrote off some equipment he bought when he was a small business owner. You should check the tax laws in your state. I've heard stories about strippers writting off breast implants as a job related expense. lol
2006-06-30 14:08:38 · answer #2 · answered by Ekaj321 3 · 0⤊ 0⤋
If you work for a company I dont think you can, but if you are self employed go for it. There is no limit to business tools
2006-06-30 14:05:39 · answer #3 · answered by ? 4 · 0⤊ 0⤋
yea you can but you have to have a certain amount of deductions before you can write it off....not sure on amount but you could call the IRS toll free number and ask
2006-06-30 14:07:20 · answer #4 · answered by Anonymous · 0⤊ 0⤋
yes - even if you work for a company
2006-06-30 14:06:14 · answer #5 · answered by Ivanhoe Fats 6 · 0⤊ 0⤋
Yes you can. Be sure and keep all your receipts. Keep your mileage as well. Good Luck.
2006-06-30 14:07:55 · answer #6 · answered by Deb C Arbonne Consultant 1 · 0⤊ 0⤋
yes i think you can
2006-06-30 14:06:20 · answer #7 · answered by Anonymous · 0⤊ 0⤋