Teaching · For Tutors
Independent tutors lose deductions to shoeboxes: a receipt that faded, miles nobody logged, a subscription used half for the business. Log each expense when it happens with its business share and records. The organizer works out the possible deduction for each, totals them by Schedule C grouping and flags the records a tax professional will ask for.
Included with Caveat Classroom and Whole-school licenses. Or get it in the Tutoring business kit, $69 for 80 items.
The worked example is made up: $186.40 of workbooks, 212 miles of October driving at an example rate of $0.70 with no mileage log, and a video call subscription used 60 percent for tutoring. Saved on this device only.
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Teaching · For Tutors$12 · included with Classroom and Whole-school licenses
This organizer keeps records and does arithmetic. Whether an expense is deductible, and how, depends on your situation; a tax professional or the IRS publications for small businesses decide. Self-employed tutors also generally owe self-employment tax and may need to pay estimated tax each quarter.
The IRS simplified method allows $5 per square foot of a home office used regularly and exclusively for the business, up to 300 square feet, a maximum of $1,500. The regular method uses actual home expenses and can be larger but needs more records.
The worked example is made up, and $0.70 a mile is an example rate. This is not tax advice. Nothing you type is sent to Caveat. Support: team@caveatacademic.com.