Independent hairdressers should claim the below tax deductions to keep more of their hard-earned money.
Mileage you can deduct
Home office to client or salon
Unless you have a permanent salon location to which you must commute, all miles driven between your home and a work client are tax deductible.
Between clients and back to home office
Miles driven between client sites, and from your last client to your home office, are tax deductible.
Miles driven to pick up haircutting supplies or promotional materials, attend a conference, or other work-related errands are tax deductible.
Expenses you can deduct
Hair Products & Accessories
Shampoo, conditioner, hair dye, hair spray, bobby pins, hair bands, and anything else you can use to clip, hold, or style hair are all tax deductible!
Phone & Service
If you have to use a phone for work, the purchase and monthly service bill are tax deductible!
Hair Cutting Supplies
As an independent hairdresser, the brushes, combs, and hair dryers that you buy for work are tax deductible. Any clothing that you can't wear outside of work is too (we're looking at you, smocks and aprons).
Designing and printing business cards is deductible as a marketing expense. Just be sure to check for typos!
The costs of promoting your business--like online ads, signs, print, radio, and video--are all deductible!
Items that you give away to promote your business, like pens and stress balls, are deductible. Bring on the bobble heads!
Any toll fees that you pay while working are tax deductible! Just make sure they're not already being reimbursed.
If you have to pay for parking while you're working, that’s tax deductible. Unfortunately, parking tickets, traffic violations, and speeding tickets are not.
Networking and staying up to date on your industry are even more important when you're self-employed. Reading materials and fees for conferences, seminars, and professional events are deductible.
Licenses & Memberships
Licenses or memberships that help you do your job are deductible. That includes license renewal fees and membership dues to professional organizations.
If you’re self-employed and don’t have the option to buy health insurance through an employer or spouse, you can deduct your monthly health insurance payments!
Personal Protective Equipment
Hand sanitizer, gloves, face masks, and other safety items are essential right now for anyone actively working in the face of the COVID-19 pandemic.
Any expense that doesn't fit the other categories we've set up for you. Please make sure to add a note to keep track of them!