Deducting training contract
Someone posted a whole list of things you can deduct from your taxes as a flight crew member (thanks!).
Does anyone know if you can deduct training contract payments from a previous job? It seems like as much of a work expense as anything else... Thanks! |
Resurrecting your post since the talent shortage is over - for now - and contracts are cropping up again. Surprised nobody ever replied - anyone have an answer?
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Also, we know that essentially nothing is deductible for employees anymore - so the more specific question is would such payment be deductible for a contractor payed via form 1099?
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The new tax laws made essentially nothing deductible. Contract payments would not fall under any special category, and thus remain taxable.
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Originally Posted by Continuingappch
(Post 3106358)
Also, we know that essentially nothing is deductible for employees anymore - so the more specific question is would such payment be deductible for a contractor payed via form 1099?
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