12/15/2025
For self-employed handymen or construction contractors
Key deductible expenses include:
✍🏽Tools, Equipment, and Supplies
* Small Tools and Supplies: The full cost of small tools (generally under $2,500 per item under the de minimis safe harbor rule.
* Large Equipment: IRS Section 179 may allow for the full cost to be deducted in the first year.
* Repairs and Maintenance: Costs for repairing or maintaining tools
🚙Vehicle Expenses
* Standard Mileage Rate: Deduct a set rate per business mile driven (70 cents per mile for 2025). OR 💁🏼♂️
* Actual Expense Method
😰Labor and Professional Services
Other Business Overhead
👍🏼Advertising and Marketing:
👍🏼Insurance Premiums
👍🏼Home Office Deduction
👍🏼Licensing and Training
👍🏼Protective Gear and Uniforms
👍🏼Communication
