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
journalist or media professional, you may receive Form W-2, Wage and Tax
Statement , for income you earn as an employee. Payments that you receive from
someone who is not your employer (for example, payments for freelance work) may
be considered income from self-employment and are reportable on Schedule C,
Profit or Loss from Business.
If you are self-employed, you may receive
Form 1099-MISC, Miscellaneous Income, showing amounts you were paid. If you are
self-employed and your net earnings are $400 or more, you must file a tax return
and pay self-employment tax on the income you report on Schedule C. In addition,
you may need to make estimated payments to cover the amount of self-employment
tax or income tax associated with the income you report on Schedule C.
Unreimbursed work-related expenses may be claimed as miscellaneous itemized
deductions on Schedule A, Itemized Deductions. If they are attributable to being
self-employed, they may be deductible on Schedule C.
You should keep
receipts to substantiate your expenses. Examples of some of the work-related
items you may be able to deduct include:
Taxpayers in some segments of the media industry, such
as TV news personalities, may incur expenses to maintain an image. These
expenses are frequently related to their appearance, such as expenses for
clothing, make up, hair care and physical fitness, and are generally found to be
personal because the inherently personal nature of the expense and the personal
benefit are considered to far outweigh any potential business benefit. No
deduction is allowed for expenses for clothing, general make up, hair care or
physical fitness to maintain an image.