{"id":491,"date":"2015-07-20T14:44:18","date_gmt":"2015-07-20T18:44:18","guid":{"rendered":"http:\/\/blog.etax.com\/?p=491"},"modified":"2015-06-30T14:45:17","modified_gmt":"2015-06-30T18:45:17","slug":"hair-stylists-have-important-tax-deductions","status":"publish","type":"post","link":"https:\/\/www.etax.com\/blog\/2015\/07\/20\/hair-stylists-have-important-tax-deductions\/","title":{"rendered":"Hair Stylists Have Important Tax Deductions"},"content":{"rendered":"

As a hair stylist, your employer is required to supply you with a Form W-2, Wage and Tax Statement. You may also receive additional income in the form of tips<\/a>, which will be reported with your regular income in Box 1. You don\u2019t have to report tips less than $20 each month to your employer, however you will still need to pay tax on such income. You\u2019re also required to state the value of additional tips or gifts received that were not in the form of cash, such as tickets to an event.<\/p>\n

Some hair stylists rent a chair from a salon. If this applies to you, you may be considered self-employed and will have to report your income on Schedule C, Profit or Loss from Business.<\/p>\n

Whether or not you work for a salon or rent a chair, you can lessen your tax liability by claiming deductions of expenses related to your job. Expenses can be claimed on Schedule A, Itemized Deductions, or a Schedule C for self-employed individuals. Like all deductions, you need to provide receipts as documentation of your expenses. You can deduct:<\/p>\n