NAICS code: 237990

There is nothing cozier than a warm, comfortable home during the winter. We probably don’t, but saving on taxes sure makes our hearts sing! It’s easy for you to lower your tax bill as an oil and gas contractor. All you have to do is claim the business expenses you run into on a daily basis. Make sure you’re getting the most out of your taxes with our list of the best write-offs for oil and gas contractors. Now is the time to watch those savings soar!

We have put together a list of the most common write-offs for oil and gas contractors that you can use to deduct your expenses.
🦺Safety gear

Write it off using: Schedule C, Box 27a

You can write off anything you wear while working to stay safe.

🧑‍🎓Trade school tuition

Write it off using: Schedule C, Box 27a

It is possible to write off what you pay if you take courses to learn new skills as a contractor.

🛠️Contract labor

Write it off using: Schedule C, Box 11

Contractor fees paid to help you complete projects can be deducted from your taxes.

🏗️Machinery & tools

Write it off using: Schedule C, Box 13

Tax deductions are available for heavy machinery and small tools used to complete projects.

⚖️Legal fees

Write it off using: Schedule C, Box 17

It is tax deductible to pay legal fees for setting up a business or drafting paperwork.

💵 Union dues

Write it off using: Schedule C, Box 27a

If you belong to a union, go ahead and write off your dues.


🤝Contracted help

Write it off using: Schedule C, Box 11

Freelancers, contractors, or other services that help you conduct your business are tax-deductible.

📱Phone, laptop, accessories

Write it off using: Schedule C, Box 27a

If buy a phone or laptop and use it for work, it’s partially deductible.

🌴Conferences & retreats

Write it off using: Schedule C, Box 27a

All conferences and retreats you attend to enhance your network can be written off..

📝 Office supplies

Write it off using: Schedule C, Box 18

Deduct anything you buy for your office, like pens, binders, folders, printer ink, or a whiteboard.