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Deducting Specialized Work Clothing and Equipment

10:25
22:40
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At 10:25 in

IRS audit Triggers, pre season tax planning and strategies for small business owners. 4 k video 2/2

What happens here

Business owners can deduct the cost of specialized work equipment and clothing. This includes items like steel-toe boots, safety glasses, ear protection, and uniforms that bear a company logo. The key criterion is that these items must be required for work and not suitable for general, everyday wear. If an item, such as a sweatshirt, can be worn outside of work, it is generally not deductible unless it has a company logo directly on it.

Goal: Properly identify and deduct the costs of specialized work attire and safety equipment.

Tools and materials

  • Ear protection/muffs — Hearing protection for work
  • Safety glasses — Eye protection for work
  • Steel-toe boots — Safety footwear for work
  • Uniforms with company logo — Identifiable work attire

What they say

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you know five years let's talk about some stuff that most guys probably won't think about and that's their clothes yep so their clothes if they use those causes they buy work clothes because they are spending they're spending 200 bucks on boots they're spending 200 bucks on bibs for working out in the winter even their clothes are deductible if you allocate them into the right category yes and there are that's a very good point because this is something that people don't always do correctly and of course there is your rule for it things you mentioned fully deductible work boots specialized assault I should define it first specialized work equipment yes work boots that specialized know from instance myself as soon as I get home I'm out of it my work clothes but I can't deduct mine I could these aren't specialized I could wear these all the time just like for contractors you know I bet someone telling me while I you know I buy jeans and sweatshirts to work in unless you put your company's name on it you can't deduct those those are just normal clothes that's how you dress to work if you put your company name on anything basically it's deductible then so if you want to do sweat shirts put you know genetic landscaping or whatever on mm-hm or I could do law tax you know and then I can deduct those items specialized equipment work boots you know glasses ear muffs helmet glove work gloves boots I may be forgetting something let's talk about a few of the IRS red flags that guys need to avoid miss common mistakes that guys may think they're okay on but it's gonna be a big in the IRS office hey let's audit this guy because I was that guy right and I learned a few

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