Travel, Meals, and Entertainment If you are an independent contractor you can deduct expenses for travel, meals, and entertainment. These expenses are deducted on Schedule C. They might seem straight forward, but the IRS has a lot rules for these expenses. Here is a chart from the IRS website that lists what expenses are deductible: Meals
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Tax Deductions for Car and Truck Expenses

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Line 9 on Schedule C Car and truck expenses are one of the most common deductions for people who are paid as a contractor. It is also one that can get you in trouble if you get audited. There are two ways to deduct car and truck expenses and you have to pick one. ***NO
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What is an Independent Contractor?

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When you think of a contractor you probably think of someone you hire to do work. If you want to build a house you find a contractor and sign a “contract” with them to do the construction. You don’t think about them as an employee. For the IRS the difference between someone being a contractor
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What is Self-Employment Tax?

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Self-employment tax is made up of Social Security and Medicare taxes that individuals who are self-employed pay on their net income. People who are not self-employed have Social Security and Medicare taxes withheld from their wages. People who are employees only pay half of these taxes. The employer pays the other half. Payroll Taxes for
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