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Claiming automotive tools on tax return

I bought about $10,000 tools from snap on and cornwell for automotive work on my own accord. I’m wondering if I can claim these tools to get money back? 

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3 Replies

Claiming automotive tools on tax return

Only if you are filing business 1099 self employment/independent contractor income on Schedule C.  If you only get W2 employee income  it is not deductible.  

Claiming automotive tools on tax return

If you are a business, you can deduct ordinary and necessary expenses.  (There are several different ways of organizing the business and all of them can deduct ordinary and necessary expenses.)

 

However, if you are doing this as a W-2 employee or a hobby, you can't deduct expenses. 

Claiming automotive tools on tax return

Not sure what you mean by "on my own accord."   If you are self-employed there are ways to enter your business expenses on a Schedule C.   If you are a W-2 employee, you cannot deduct work-related expenses on a federal tax return.

 

W-2 employees cannot deduct job-related expenses on a federal return.  Job-related expenses were eliminated as a federal deduction for W-2 employees by the tax laws that changed for 2018 and beyond.  Your state tax laws might be different in AL, AR, CA, HI, MN, NY or PA.

 

 

If you are preparing a return for a state that lets you deduct job-related expenses, the information will flow from your federal return  to the state return, so enter it in Federal>Deductions and Credits>Employment Expenses>Job-Related Expenses

 

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

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