Top 1099 Tax Deductions and Strategies for Independent Contractors

Learn the BEST 1099 Tax Deductions and Strategies, from a Licensed CPA!

If you are a 1099 or independent contractor, then you have one of the greatest opportunities to reduce your taxes.

The tax law heavily favors business owners and the good news is that when you earn 1099 income, the IRS considers you to be self-employed.

This key characteristic opens the doors for you to take advantage of over 100 tax deductions and tax strategies that you can use to pay less taxes on your income.

You are going to learn everything from:
1099 Tax Benefits: (0:00)
What Is 1099 Income?: (0:49)
Biggest 1099 Tax Mistakes: (1:45)
What Is A 1099 Write-off?: (3:24)
20% Tax Write-off: (5:10)
Deducting Home Expenses: (5:58)
Deducting Car Expenses: (7:30)
Deducting Restaurant Meals: (8:45)
Travel Deduction: (9:52)
Health Insurance Deduction: (10:35)
How To CREATE 1099 Write-offs: (11:48)
1099 Retirement Plans: (12:05)
Health Deduction: (13:35)
Writing off Family?: (14:30)
Avoiding Self-Employment Tax: (15:40)

ALL. IN. ONE. VIDEO. This is literally a masterclass-grade video that can save you a ton of money, so go ahead and save this video and hit the Like button below so more people can find it.

[Yabbagota]

Started new field, was told im be a 1099er 😅😅
8 months later, close to filing time. . Glad i found this video

[JamesJGross-dtgk]

Outstanding sir and thank you. I am a 1099 earner and have write-offs, but believed I needed to have an LLC. You’ve debunked that for me. You nailed this presentation for me, separating all aspects into categories, so clearly explained to me, a non-professional tax preparer. Thank you! I have subscribed and if I’m not finding the results as I think I should, I am very open to using your services. Nailed it for me! Thank you once again. Gross

[josephgonzalez]

I am new to 10-99 world. I worked W-2 blue collar all my life + the military.

Now I give out government phones for people receiving food stamps or healthcare from the government/state. I like this job I do like talking to people, but 10-99 intimidated me but I now have started a LLC and watch this video and now I feel way better. Thank you!

[lilianaortiz-bermudez]

This video is helping me to educate my inmigrant community . They do feel secure to deduce many expense they have to earn that income. Thank you for the well done explanation it will benefit the community a lot.

[carladillman]

This video is amazing, just started 1099 work since being laid off in February. So many questions answered here, THANK YOU! I'm going to look at additional videos to learn more about deductions.

[adriangarcia]

Good stuff, been working as a 1099 employee since feb & I’m trending 108k so this helped a million

[DerekNelson]

Thanks for the tips here! Very helpful to the 1099 lifestyle!

[adrianraygoza]

This video has convinced me that I need a CPA

[sorryociffer]

EXTREMELY helpful and well presented! Thank You!

[richardedet]

Thanks alot i almost got confused with write offs ..

[roxannegonzalez]

What is the low cost book keeping vendor you use? Don’t see it

[AiPhan-hm]

This is a great video. I’m 1099 contractor so I don’t pay taxes until I file my taxes by the end of the year. However I have to be pay tax penalties for 2033 because my CPA told me that I had not pay tax yet. So, how do I Avoid this tax penalty, sir? Thank you so much for your help.

[truckernerd]

I am a 1099 truck driver over the road. So I live in my truck. Wondering if you have a video for us

[josephmendez]

Can I write off car experiences if it's leased.

[brumph]

First and foremost the video was awesome and you are well versed and articulate. I am now a fan. Lol.
I started an LLC this year and just got a 1099 contractor job. I also still have a part time W2 job that I hold on to because it’s easy money. Will I have any conflicts this upcoming tax season and how would I file this?

[tawkyoshItTT]

💯💯Awesome video!! I definitely learned something. Thank you!

[BullCityJ]

Can you file for a loss for the first 3 years ?

[gscott]

I’m 1099 and in sales. Sometimes I am forced to split commissions. Are those splits able to be written off? Also, when a client gets a loan for the sale, I get less because of a 20% charge from the 3rd party loan vendor. Are any of these legitimate deductions I could use?

[thepakcolapcar]

if an independent contractor receive a single 1099 payment anytime during a year, does it still get considered as an equivalent of 4 quarters of income and thereby gets counted as 4 points of total 40points requirement of ssa to be qualified fo ss?

[temiymahs_World]

If I had a home repair prior to starting my 1099 can I still write off that repair?