As a dog groomer who works for a shop, you may be eligible to deduct certain expenses related to your work on your income tax return, including the cost of your equipment and the expenses associated with your education. To deduct the cost of your equipment, you can use the Section 179 deduction, which allows you to deduct the full cost of qualifying equipment and software that you purchase or finance during the tax year. Alternatively, you can depreciate the cost of your equipment over several years. To deduct the cost of your education, you may be able to use the Lifetime Learning Credit or the Tuition and Fees Deduction, depending on your specific situation. The Lifetime Learning Credit allows you to claim a credit of up to $2,000 for qualified education expenses, while the Tuition and Fees Deduction allows you to deduct up to $4,000 in qualified education expenses. To ensure that you are claiming all of the deductions and credits that you are eligible for, it may be helpful to consult with a tax professional or use tax preparation software to guide you through the process.
