Deductible Expenses with Home Office

Posted on Posted in Taxes

 

  • Mileage to and from games and meetings
  • Uniforms
  • Umpire equipment
  • Home office
    • Percentage of square feet
    • Utilities
    • Computer
    • Internet
    • Phone
  • Insurance- ABUA
  • Associate fees
  • State fees- OHSAA
  • Overnight travel for umpire assignments

Example:

Umpire 100 games at $55 per game = $5,500
With no home office tax due (20% bracket) = $1,100

With home office deductions
• Mileage (40 miles roundtrip avg) .56/mile = $2,240
• Uniforms = $200
• Fees, dues = $100
• Insurance = $40
• Home office (10% of home) computer, internet, phone, etc. = $500¬_____
Total Deductions $3080

Taxable Income $2420
With home office tax due (20% bracket) $484

Tax Savings: $616 (56%)

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