Archive for April, 2010
Tax Deductible College Fund
April 1st, 2010
Question: Independent contractor Tax Deductions?
Are any of the following expenses tax deductible for an IC:
Gasoline – can I deduct all gasoline costs or only the amount I use going to and from work?
Car insurance?
College tuition? (for a degree related to my work…however, my parents are providing the funding for the tuition..so I probably can’t use this as a deduction..?)
Is there anything I can deduct as an IC?
Thank you!
Answer: Your best bet is to get yourself a tax person or an accountant. Especially when filing as an independent.
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