Barber Tax Write-Offs
A barber can write off all expenses required to operate his business. This includes money spent towards advertising, purchasing equipment, liability insurance, cleaning supplies, business cards, booth space, and uniforms. If the uniform requires dry cleaning, he can also write off the dry cleaning expenses.
IRS Form 1040 for Barbers
To write off your barber expenses, you must complete IRS Form 1040. Enter your business expenses in the 1040’s “Deductions” section. You can take a standard deduction if your total expenses do not exceed the set dollar amount allowed.
Additional Deductible Expenses
Other deductible expenses include:
- Professional services
- Continuing education
- Travel and transportation
- Marketing
- Rent and utilities
- Membership dues
Gas Write-Off for Barbers
Can barbers write off gas? Yes, barbers who use their vehicle for business can write off gas. Track mileage and multiply by the IRS standard mileage rate. For 2023, it is 65.5 cents per mile.
Deducting actual gas expenses is also an option. Save receipts to prove valid expenses. Besides gas, deduct a percentage of maintenance, repairs, and tires.