The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Deductions against Schedule C Income||Date: 1/22/2005 11:22 AM|
|Author: billyturtle||Number: 75716 of 125415|
This is somewhat related to the question a few posts ago, but not exactly the same.
I work as a teacher and will in the next week begin contracting with a local school district to teach their tutors how to be more effective. I will have to file Schedule C or C-EZ to report this income from the district. I will typically drive from my home to the school I teach at and then from there directly to a tutoring site. From there I will drive either to another tutoring site or home. Eventually I will drive home.
Is any of this mileage deductible on Schedule C?
I'm also wondering what other deductions you think I might be able to take against my income on Schedule C, if there are any at all.
I'm just trying to get my tax house in order for the coming year. Thanks for your help.
FYI: I will probably be grossing less than $10,000 a year contracting. The vast majority of my income will come from my salary as a teacher.
|Copyright 1996-2017 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|