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    ginaleana's Avatar
    ginaleana Posts: 1, Reputation: 1
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    #1

    Mar 19, 2009, 02:59 PM
    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?
    Clough's Avatar
    Clough Posts: 26,677, Reputation: 1649
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    #2

    Mar 19, 2009, 08:24 PM

    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!
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
    		  
    #3

    Mar 19, 2009, 11:54 PM

    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
    Clough's Avatar
    Clough Posts: 26,677, Reputation: 1649
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    #4

    Mar 20, 2009, 01:00 AM

    Excellence in answering as usual by MukatA above!
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