{"id":457,"date":"2015-07-01T14:22:55","date_gmt":"2015-07-01T18:22:55","guid":{"rendered":"http:\/\/blog.etax.com\/?p=457"},"modified":"2015-06-30T14:24:16","modified_gmt":"2015-06-30T18:24:16","slug":"piping-through-tax-time-plumber-deductions","status":"publish","type":"post","link":"https:\/\/www.etax.com\/blog\/2015\/07\/01\/piping-through-tax-time-plumber-deductions\/","title":{"rendered":"Piping Through Tax Time: Plumber Deductions"},"content":{"rendered":"

As a plumber, you are responsible for reporting your income to the IRS, and paying any applicable income tax. If you work for another company, you will receive a Form W-2, Wage and Tax Statement, from your employer. However, you may work for yourself, doing odd plumbing jobs or even as your own business. In these cases, the IRS considers you to be self-employed, and you may receive a Form 1099-MISC from anyone you provide service to. Self-employed taxpayers with a net income greater than $400 need to pay self-employment tax on a Schedule C. Its possible estimated tax payments<\/a> may be required to cover the tax amount reported on Schedule C.<\/p>\n

If you claim deductions for unreimbursed job expenses, you will have a lower tax liability. Many of these deductions can be claimed on Schedule A as miscellaneous itemized deductions. As with all deductions you claim at tax time, you should ensure you have significant documentation to back up your expenses. You can deduct a variety of costs you may have incurred, as long as they are directly related to plumbing and are not reimbursed by any third party. This can include:<\/p>\n