Your Trade Contractor Health Insurance Tax Dedu...

The trade contractor health insurance tax deduction lets you write off 100% of your family health insurance premiums above the line in 2026. That means the full premium comes off...

Contractor Equipment Depreciation: Expensing vs...

For 2026, most contractor equipment purchases can be written off in full the year the machinery goes to work. The choice between expensing and depreciating still matters, because the wrong...

Cash vs Accrual Accounting for Contractors: Whi...

Cash vs accrual accounting for contractors comes down to one question: when does a dollar count? Congress drew a bright line that answers it for almost every trade contractor reading...

Are Surety Bonds Tax Deductible? What Contracto...

Are surety bonds tax deductible? Yes. The premium you pay for a license bond, bid bond, performance bond, or payment bond is a deductible business expense under IRC §162(a) and...

1099 vs W-2 for Contractors: Should Your Next C...

You're at the point where the next job needs another pair of hands, and the question is 1099 vs W-2 for contractors — do you bring on a W-2 employee...

Tax Write Offs for Self-Employed Contractors: Y...

If you're a 1099 trade contractor — HVAC, plumbing, roofing, concrete, landscaping, drywall — the tax write offs for self-employed contractors are what separate a profitable year from handing a...