As a barber, I need to know about claiming expenses self-employed barber — How should I file and what expenses can I claim?
If you’re self-employed and haven’t incorporated, file a Schedule C. Report your business income and business expenses.
You’re required to report all income earned. You’re also entitled to deduct all the ordinary and necessary business expenses you paid. Claiming expenses self-employed may include:
- Small tools
To learn more about claiming expenses self-employed and otherwise, and which business expenses you can claim, see Publication 535: Business Expenses at www.irs.gov.
Small business taxes can be overwhelming as an entrepreneur. Learn more about small business taxes 101 with the experts at H&R Block.