I’m a contract worker only getting paid with 1099 misc and social security . Can I deduct my personal expenses license , insurance and continuing Ed costs in addition to my standard deduc
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1 Replies
DMarkM1
Expert Alumni
Jan 29, 2020 6:07:10 AM
Yes, you are considered self-employed and should deduct necessary expenses for that work. That 1099-misc income and the associated expenses are reported on schedule C separate from your standard deduction. Here is a link that you may find helpful.