Construction Tax Deduction Checklist

Name	Company Name	Address	Industry
[your name]	[your company name]	[your company address]	Construction

Section I: Business Expenses

Tools and Equipment:

• List all tools and equipment purchased specifically for construction projects.

• Include purchase dates and amounts.

Material Expenses:

• Detail all materials bought for construction work (e.g., lumber, concrete).

• Keep receipts and invoices for accuracy.

Uniforms and Safety Gear:

• Note expenses for uniforms, safety boots, helmets, and other protective gear.

Vehicle Use:

• Track mileage for construction-related travel.

• Include fuel, maintenance, and insurance costs.

Licensing and Certification:

• Record expenses related to obtaining and maintaining construction licenses.

• Include costs for any required certification courses.

Section II: Home Office Deductions

Workspace Measurement:

• Measure the area of your home used exclusively for business.

Usage Calculation:

• Determine the percentage of your home used for work.

Home-Related Expenses:

• Compile expenses such as electricity, mortgage, or rent.

• Calculate the portion attributable to business use.

Section III: Insurance and Medical

Life Insurance Premiums:

• Verify if life insurance premiums are deductible.

Medical Expenses:

• Review medical bills for potential deductions.

Retirement Contributions:

• Assess retirement plan contributions for tax benefits.

Section IV: Miscellaneous

Professional Development:

• Itemize expenses for continuing education and training related to construction.

Tax Professional Consultation:

• Schedule a meeting with a tax professional to explore additional deductions.

• Include cost of consultation as a potential deduction.

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