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Office Expenses (Line 18 of Schedule C)

Line 18 on Schedule C of the tax form relates to “Office Expenses,” which refers to the cost of supplies and materials you purchased during the tax year to operate your business.

Office expenses that you may be able to deduct on Line 18 include:

  1. Office supplies: This includes items such as pens, paper, printer ink, and other supplies that are used in the day-to-day operations of your business.
  2. Postage and shipping: This includes the cost of postage, shipping, and delivery services used to send packages and documents related to your business.
  3. Computer software and equipment: This includes the cost of computer software, hardware, and other technology-related expenses necessary for your business.
  4. Internet and phone expenses: This includes the cost of internet service and phone service used for business purposes.
  5. Furniture and equipment: This includes the cost of office furniture, machinery, and other equipment necessary for your business.

It’s important to note that there are certain requirements and limitations associated with deducting office expenses. For example, the expenses must be ordinary and necessary for your business, and you must keep accurate records of the expenses, including receipts, invoices, and other documentation.

If you have any questions about how to report office expenses on your tax return, it’s a good idea to consult with a tax professional or accountant.