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Farmers

The Following is a list of expenses for farmers.  There may be much more, so please ask!



  • Wages paid to your farm's full and part-time workers
  • Livestock
  • Feed
  • Fertilizer
  • Seed 
  • Supplies
  • Repair and maintenance of farm property
  • Routine maintenance of trucks, tractors and other farm machinery
  • Dues and memberships
  • Chemicals
  • Insect sprays and dusts
  • Litter 
  • Livestock fees
  • Milk assessment
  • Farm-related insurance
  • Farm buildings
  • Vehicles and equipment
  • Fencing
  • Water wells
  • Irrigation pipes
  • Land preparation costs
  • Road building
  • Renovations and improvements that go beyond routine repair
  • The cost of soil-enriching agents whose benefits last substantially more than one year.
  • Legal and Professional fees

FarmersItemizedDeductions (odt)Download

Self Employed

 

The following is a list of possible deductions for self employed individuals

REMEMBER: Always ask questions!  (and there are no stupid questions) You could be missing possible deductions!!






 

  1. Auto Expenses  
     
  2. Banking Fees
     
  3. Advertising
     
  4. Business Travel  
     
  5. Charitable Contributions
     
  6. Children on Payroll  
     
  7. Cleaning/janitorial services
     
  8. Repairs
     
  9. Collection Expenses
     
  10. Commissions
     
  11. Computers and tech supplies
     
  12. Consulting fees
     
  13. Continuing education  
     
  14. Convention and trade show expense
     
  15. Costs of good sold
     
  16. Credit Card fees
     
  17. Dining and Office food expense
     
  18. Equipment
     
  19. Education
     
  20. Franchise fees
     
  21. Freight or shipping costs
     
  22. Furniture or fixtures
     
  23. Gifts
     
  24. Group Insurance (if qualifying)
     
  25. Insurance  
     
  26. Equipment Repairs
     
  27. Health Savings Account  
  28. Home office  
     
  29. Interest
     
  30. Internet hosting and services
     
  31. Investment and management fees
     
  32. Legal fees
     
  33. Leased Vehicle or equipment
     
  34. Licenses
     
  35. Materials
     
  36. Maintenance
     
  37. Mortgage Interest
     
  38. Newspapers and magazines
     
  39. Office Supplies
     
  40. Outside services/Contract labor
     
  41. Payroll taxes
     
  42. Parking and tolls
     
  43. Pension Plans
     
  44. Postage
     
  45. Rent
     
  46. Research
     
  47. Rental Property
     
  48. Retirement plans  
     
  49. Safe-deposit box fees
     
  50. Spouse on Payroll
     
  51. Social media advertising
     
  52. Software and online services
     
  53. Storage rental
     
  54. Subcontractors
     
  55. Taxes (Personal and Real Property)
     
  56. Telephone
     
  57. Utilities
     
  58. Website design
     
  59. Worker's Compensation
     

Files coming soon.

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