I just received a 1099 form from my employer. I am a home caregiver for an elderly woman. What deductions can I claim?

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.

Thanks!

You are self employed. You must file your tax return if yourself 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 (http://taxipay.blogspot.com/2008/04/tax-filing-by-self-employed-sole.html)

Excellence in answering as usual by MukatA above!