NAICS code: 811310
It can be quite stressful to learn how to file your taxes as a railroad contractor.
Thankfully, we have the perfect solution to make the road ahead a little easier to navigate: a list of write-offs that railroad workers are typically eligible to claim.
If you keep track of the money you spend on things such as safety training, licensing fees, protective gear, and other work-related expenses that we have listed below, you will be well on your way to saving on your taxes in the coming years.
We have put together a list of the most common write-offs for commercial painters that you can use to deduct your expenses.
👕Uniforms Cost
Write it off using: Schedule C, Box 27a
A tax deduction is available for any uniforms you are required to wear at work.
⚠️ Training for safety
Write it off using: Schedule C, Box 27a
The cost of any safety protocol training can be deducted from the budget.
⚡Protective gear
Write it off using: Schedule C, Box 22
It is a good idea to write off any protective equipment that you wear while working on electrical systems, such as goggles and gloves.
📃 Fees associated with licensing
Write it off using: Schedule C, Box 23
The fees you pay to obtain or renew a license to perform your work are fully deductible.
🎓 Courses for continuing education
Write it off using: Schedule C, Box 27a
Your continuing education expenses are fully deductible if you are required to take one in order to keep your job.