I am a professional tax preparer with Amaris Solutions. I have over 15 years of experience, specializing in 1040 returns, 1099s, and tax planning for small businesses, content creators, the trucking industry and more.
Throughout the 2025 Tax Season, I will be here to provide tips, resources and accurate preparation.
Personal Information
Income Documents
Self-Employment/Business Income and Expenses
Deduction and Credit Documents
Health Insurance Information
Investment Information
Miscellaneous Documents
Tax Offsets
Providing these documents will ensure your tax preparer has everything needed to maximize deductions and accurately file your tax return.
Common Tax Deductions for 1099 Independent Contractors
Home Office Expenses
Deduct a portion of your home used exclusively for work. This includes a percentage of rent/mortgage interest, utilities, insurance, and repairs. It must be a dedicated workspace, not used for personal activities.
Self-Employment Tax
Independent contractors can deduct 50% of their self-employment tax.
Vehicle and Mileage Expenses
Standard Mileage Deduction: Deduct based on miles driven for business (check the IRS mileage rate for the current tax year).
Actual Expenses: Deduct a percentage of gas, oil, repairs, insurance, and depreciation.
Travel Expenses
Includes lodging, airfare, car rentals, meals (50% of the cost), and other expenses related to business travel. Travel must be business-related and away from your tax home.
Marketing and Advertising
Costs for advertising, business cards, social media ads, promotional materials, website expenses, etc.
Professional Services
Fees paid to lawyers, accountants, bookkeepers, consultants, or other professional services used for your business.
Supplies and Equipment
Costs for office supplies (e.g., paper, pens), as well as larger equipment purchases (e.g., computers, printers). Larger purchases may be deductible over time (depreciation) or through Section 179 if eligible.
Continuing Education and Training
Costs for industry-related courses, seminars, certifications, subscriptions, and materials.
Insurance Premiums
Deduct premiums for business insurance (e.g., liability insurance).
Health insurance premiums for you, your spouse, and dependents can also be deducted if you’re not eligible for an employer-sponsored plan.
Phone and Internet Expenses
Deduct the business portion of your phone and internet bills. Only the percentage used for business purposes is deductible.
Meals and Entertainment
Business meals (typically 50% deductible) if you’re meeting with clients, vendors, or partners.
Contract Labor
Payments to subcontractors or freelancers who assist with your business, using Form 1099-NEC if applicable.
Rent or Lease
Rent paid for office space or equipment leased for business use.
Bank and Payment Processing Fees
Deduct bank fees, credit card processing fees, and transaction fees for business accounts.
Business Loan Interest
Interest on business-related loans or credit cards.
Depreciation
Deduct depreciation on business assets like office furniture, computers, and machinery.
Health and Retirement Plans
Contributions to a SEP IRA, Solo 401(k), or other retirement plans for self-employed individuals are deductible.
Health Savings Account (HSA) contributions are also deductible if you have a high-deductible health plan.
Licensing and Membership Fees
Costs for licenses or memberships in professional organizations.
Software and Subscriptions
Business-related software subscriptions (e.g., accounting software, design tools) and digital tools used for work.
Office Rent or Co-Working Space Fees
Rent for dedicated office space or fees paid to use a co-working space.
Startup Costs
Up to $5,000 of eligible startup costs, such as market research and business setup expenses.
These deductions can vary, so keeping accurate records of all business-related expenses is essential to maximize your tax benefits as a 1099 contractor. Always consult a tax professional to ensure you’re claiming the appropriate deductions for your specific situation.