Can You Deduct Moving Expenses for Your Business?

Can You Deduct Moving Expenses for Your Business?

Quick answer: It depends entirely on what’s moving. Moving yourself for business reasons is not deductible — that personal moving expense deduction was suspended in 2018 and hasn’t come back, aside from a narrow military exception. Moving your business’s equipment, inventory, or office is a different story, and that’s generally still a normal, deductible business … Read more

Can You Write Off Haircuts as a 1099 Contractor?

Can You Write Off Haircuts as a 1099 Contractor?

Quick answer: Almost never. The IRS treats haircuts as a personal expense, not a business one — you’d need a haircut whether or not you worked, so it doesn’t count just because you’re a 1099 contractor. There’s one narrow, genuinely rare exception, and it’s easy to misread it as broader than it is. The general … Read more