Running your own electrical work means your tools, truck, and license are all deductible against self-employment income.
Independent and contract electricians report income on Schedule C and pay self-employment tax on net profit.
Your work van, hand and power tools, and licensing make up the core of your deductions, and subcontractors you pay may require you to issue 1099s.
Income you’ll report on: 1099-NEC.
Most people in this line of work leave money on the table. Here's what we make sure to capture:
If you earn as an independent contractor, yes — self-employment tax is 15.3% (Social Security and Medicare) on your net profit, on top of regular income tax. You deduct half of it, and every business deduction lowers what you owe. We handle the calculation on Schedule SE.
Common write-offs include hand tools, power tools, and meters, work van expenses (actual costs or standard mileage), licensing, permits, and continuing education, liability insurance and bonding, plus a share of your phone and any home-office use. We go through your year line by line so nothing legitimate gets missed.
If you expect to owe $1,000 or more for the year, the IRS generally wants quarterly estimated payments to avoid an underpayment penalty. We calculate them so next April isn't a surprise.
Yes. Your income is taxable whether or not a client or platform sent a 1099. We report it correctly and offset it with every deduction you qualify for.
Tell us what you've got and we'll come back within one business day with the plan and the price · from a preparer who knows your line of work.
Tell us what you’ve got