This year I’m working as an independent contractor and I’ll be given a 1099 for tax purposes. I’m an umpire for an amateur baseball association. I am absolutely required to have internet access and a cell phone.

I did not have a personal cell phone before I started with this association. Can I deduct the full cost of a cell phone if it is used only for business purposes?

I already have a personal computer and internet access at my house. However, now that it is required for a job, can I deduct the cost of the internet service? What if I buy a new computer, is that deductible as long as I keep the old computer for my personal use?

Note: I do not intend to take the home office deduction because I do not have any one particular area of my house that is designated for business use only.

RCA rules state that the limit on the deduction of tax-exempt allowances paid by employers to employees using their personal vehicle for business purposes will increase by 5 cents to 50 cents per kilometre for the first 5,000 kilometres driven and 44 cents for each additional kilometre.
Since I get paid .42/km, could I claim .08/km on the first 5000kms and then .02/km on the rest??? Do I need a form for this?

CRA states that the limit on the deduction of tax-exempt allowances paid by employers to employees using their personal vehicle for business purposes will increase by 5 cents to 50 cents per kilometre for the first 5,000 kilometres driven and 44 cents for each additional kilometre. For the Northwest Territories, Yukon and Nunavut, the tax-exempt allowance will rise by 5 cents to 54 cents for the first 5,000 kilometres driven and 48 cents for each additional kilometre

Hi All,

I am self employed and was planning to buy an SUV for use for my business purposes and just heard about this law that any vehicle that weighs over 6000 pounds as To qualify for the deduction (Section 179 of the tax code), an SUV or light truck must have a gross weight of at least 6,000 pounds. This is the vehicle weight plus maximum payload and also is referred to as gross vehicle weight rating or GVWR. Does anybody have any insight into it. I am planning to buy BMW X5

I am doing my tax returns, I was a real estate agent and a 1099 employee, does everything have to be under a business name or classified as a business account in order to deduct expenses. For example, my car and cell phone expenses was under my personal name, do those need to be under a business name or my organization name in order for them to be deducted as operating expense on my taxes?
(I am aware that writing off the vehicle mileage used for business) purposes is easier and usually yeilds more of a deduction.

delivery driver. also could i claim insurance on vehicle and phone bill if i use my cell phone for business purposes also to call customers

I would like to know how does it work…

I know the tax is really tricky here… Last year… I deducted a total of 00 from millage, but it counted about 0 on my return (they just return you a % of your total deduced)

I’m planning in moving to rent a bigger home. It will have 2 bedrooms. One will be my office, so will count as a home office because is a separate room only for business purposes.

The rent will be 00 and the home office, around a 20% of the total footage, so when I do my taxes, I can deduct 1100 x 20 /100 = 0 per month.
I know I can deduct electricity, etc… but I just want to focus on the rent. At the end of the year, the deducted amount will be 220 x 12 = 40.

At the time to calculate the return, will I get the whole 40? Or will be just a % of the total (as happens with the gas)

Thanks!

I am a full-time, W-2, commissioned sales person. I need a blackberry because I travel ofen, but my company will not pay for it. If I get a second blackberry/mobile phone strictly for business purposes, can I deduct the expense on my income taxes? I itemize my deductions rather than take the standard deduction.

I am a college student studying taxes.
In my book it briefly mentioned that you can claim a vehicle expenses deduction. I know that for business purposes there is usually a deduction or reimbursement from your employer, but is there a deduction for a car with personal use.(either mileage or gas expenses) Also as a student would it benefit me to depreciate my car? (Not sure if I can do that either?)

Is it possible to have family plan with two lines where only one phone is used for business purposes, and still use tax deduction on the phone business usage? What records do I have to keep?