Tax Deductions for Independent Insurance Agents | Tax Mediation Services
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Car Allowance

  • Mileage driven
  • Gasolie
  • Oil
  • Repairs
  • Depreciation
  • Parking fees
  • Tolls
  • Registration fees

Use Schedule C and form 2106.


Continuing Education

  • State Licenses
  • Renewals
  • Courses
  • Certifications
  • Subscriptions to professional, technical, and trade journals
  • Books

Use Schedule A.


Insurance

  • Health Insurance
  • Long-term care insurance
  • Dental insurance
  • Business insurance
  • Part of your homeowner’s insurance
  • Vehicle insurance

Use Schedule A, Form 2106 and Form 1040


Work Travel

  • Meals and entertainment
  • Baggage fees
  • Flights
  • Taxis
  • Hotels
  • Tips

Use Form 2106


Office Space

  • Home office
  • Utilities
  • Power
  • Telephone, but only for long distance
  • Internet
  • Water
  • Sewage
  • Office desk

Use Form 8829, Schedule C, and Schedule A


Random

  • Advertising
  • Charitable contributions
  • Tax preparation fees

Use Schedule A and Schedule C


In conclusion if you have any tax questions give us a call (877)637-3783 or shoot us a quick message to get your free consultation. 🙂

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