Can I deduct my craft fair expenses on my taxes?
Most business-related expenses are deductible when you track them clearly and keep receipts.
The Narrative
The Empathy
You spend money on booth fees, supplies, and travel, but you are not sure what counts as a deductible expense. It is easy to lose track after a busy season.
The Education
Common deductions include booth fees, inventory materials, packaging, display supplies, marketing, mileage, lodging, and payment processing fees. The key is that expenses must be ordinary and necessary for your business. Good records matter more than perfect memory, so keep receipts, invoices, and notes about which event an expense supported.
The Solution
Create a simple expense log with categories like supplies, travel, and fees, and attach a receipt or digital copy for each purchase. Reconcile expenses after every event so nothing is missed. When tax time comes, you can provide organized totals to a tax professional or transfer them directly into your filing.
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