lv21776
Returning Member

Managing reimbursed expenses with the standard deduction

Hi 

Am a freelance video editor filing jointly.

 

My expenses are less than the married standard deduction (25k) so I don't itemize. However I am spending more and more on subtitles from an online provider for each video I make. The cost of these is directly invoiced without markup, to my overseas client. This year it's 10k in subtitles ! ... which has to go as 'income' even though it's reimbursed in invoices. Shouldn't I ask my client to put this on their credit card, since it's cutting into my taxable deductions, which is always the standard deduction?

 

Many thanks

Lucy