2209
5 min 15 sec

Q&A: “Can I deduct clothes and haircuts on my taxes?”

If you have a side hustle or even if you’re starting one and it doesn’t have revenue yet, you might be able to save a lot of money on your tax deductions. Listen to this caller’s question!

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What It's About

If this is possible, I'm getting a blowout every day.

Notes from Chris

Episode 2209
Can you deduct clothing costs and haircuts from your taxes? Well, I’m no tax advisor—let’s be clear—but it’s absolutely true that there are some creative but perfectly legal deductions for small business owners. If you have a side hustle or even if you’re starting one and it doesn’t have revenue yet, you might be able to save a lot of money on your tax deductions.

Let’s listen to this caller’s question!

"Is it true that I can deduct my wardrobe from my taxes? This is my dream! I'm making a course that requires me to present in professional attire, and I'll start filming many more videos if it allows me to do more shopping. What about haircuts, or a blowout if I do it right before filming?

Also, while we're on the subject, are there any other common tax deductions for side hustlers?"

Listen to today's episode to learn more...

 
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