{"id":489,"date":"2015-07-19T14:43:13","date_gmt":"2015-07-19T18:43:13","guid":{"rendered":"http:\/\/blog.etax.com\/?p=489"},"modified":"2015-06-30T14:44:15","modified_gmt":"2015-06-30T18:44:15","slug":"deducting-expenses-as-a-professional-painter","status":"publish","type":"post","link":"https:\/\/www.etax.com\/blog\/2015\/07\/19\/deducting-expenses-as-a-professional-painter\/","title":{"rendered":"Deducting Expenses as a Professional Painter"},"content":{"rendered":"

Like any other skilled tradesman, professional painters can expect to receive a Form W-2, Wage and Tax Statement from their employer. Anyone who runs their own business or does painting work on the side is considered to be self-employed, and should receive a Form 1099-MISC for any amount they received on their own. Even if you did not receive a form 1099-MISC, you are still required to report your income at tax time. Self-employed painters have to pay self-employment tax as indicated on Schedule C, and you should be prepared to make estimated tax payments<\/a> if needed.<\/p>\n

You can reduce your tax liability by deducting necessary work related expenses. You can claim expenses as miscellaneous Itemized Deductions, taken on Schedule A. There\u2019s a chance you can deduct these expenses on a Schedule C if you are self-employed. Some expenses you may be able to deduct include:<\/p>\n