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Home > Money & Services > Taxes   »   1099 Tax Form

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Old Mar 19, 2009, 02:59 PM
ginaleana
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1099 Tax Form
I just received a 1099 form from my employer. I am a home caregiver for an elderly woman. What deductions can I claim?

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Old Mar 19, 2009, 08:24 PM   #2  
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Hi, ginaleana!

Since your question has to do with taxes, I've moved it from Home-Based Business to this forum topic area where it will be more likely to catch the attention of our tax experts.

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Old Mar 19, 2009, 11:54 PM   #3  
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You are self employed. You must file your tax return if your self employed income is $400 or more. You will report your income and expenses on schedule C or C-EZ (Form 1040). Then you put net income (or loss) on line 12 of Form 1040. This income is subject to SE tax at 15.3% (this is shown on line 57 of Form 1040). Half of SE tax is deductible on line 27 of Form 1040. Read: Your U.S. Tax Return: Tax Filing by Self Employed Sole Proprietor or Independent Contractor

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Clough agrees: Excellence in answering as usual by you, MukatA!!
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Old Mar 20, 2009, 01:00 AM   #4  
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Excellence in answering as usual by MukatA above!!
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