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Deductions & credits
Your travel deduction depends on how your are paid for your coaching (and if you are getting paid):
If you travel on voluntary basis and are not paid for your services - the deduction is a charitable contribution if the organization qualifies as a qualified charitable organization:
- Federal Taxes
- Deductions & Credits
- Charitable Donations, select Donations to Charity in 2016; once charity name is entered, select Mileage and travel expenses; enter total cost for your travel.
If the organization pays you and you receive form 1099-Misc (or just cash) you are considered to be self employed (as if you own a business)Your travel is reported as a business expense against your business income:
- Federal Taxes
- Wages & Income
- Business Items
- Business Income and Expenses (Sch C)- you may be asked to upgrade to Self-Employed version
If the organization pays you as if your are en employee and you receive W-2 (very uncommon) - you would deduct your travel as a job-related expense:
- Federal Taxes
- Deductions & Credits (you may have to select See all tax breaks)
- Employment Expenses
- Job-Expenses for W-2 Income
edited 2/26/2017
‎June 6, 2019
2:28 AM