No matter what your occupation, our Tax Pros can help you maximize your tax refund. For more information about tax deductions and credits available to you, select your job title from the list below.
If you are a hair stylist, you may receive
Form W-2, Wage and Tax Statement, from your employer. As an employee, you may
receive additional income in the form of tips. Any tips you reported to your
employer are included with your wages on your Form W-2, Box 1. Although you are
not required to report tips of less than $20 per month to each employer, these
tips are still subject to income tax. You must also include in income the value
of non-cash tips such as tickets and passes and any other tips received but not
If you rent space in a salon, work from home, or travel to your
clients, you may be considered self-employed. Self-employed taxpayers report all
of their income, including tips, on Schedule C, Profit or Loss from
You may be able to reduce your taxes by deducting unreimbursed,
job-related expenses. These expenses may be claimed as miscellaneous itemized
deductions on Schedule A, Itemized Deductions, or, if attributable to self
employment, they may be deductible on Schedule C. You should keep receipts to
substantiate these expenses. Examples of some of the items you may be able to
You also may be able to deduct work-related, educational
courses or seminars if they meet certain requirements. Education typically
meeting the requirements includes refresher courses and courses on current
developments. Costs including travel for attending courses on creating the
latest hair styles or new coloring techniques, for example, would qualify.
However, education that qualifies you for a new trade or business, or that helps
you to meet the minimum education requirements of your present trade or business
are not deductible as a business expense.