AnnetteB6
Expert Alumni

Deductions & credits

As an independent contractor, you are not considered an employee.  This means that your income and expenses are reported on Schedule C Business Income and Expenses.  Depending on the nature of the work you performed, your expenses can vary.  

 

One possible expense would be a home office.  The space used as your home office must be used exclusively for business and used regularly for business.  Equipment such as your computer may be eligible as an expense, depending on whether it is used for other purposes or just work.  

 

Take a look at the following TurboTax articles to learn more and see some examples of possible expenses that you may be able to claim:

 

What self-employed expenses can I deduct?

 

The Home Office Deduction

 

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