some interesting stuff im finindg while trying to milk the irs for money back…
i worked 305 hours of overtime… roughly 6 hours per week.
i spent $1825 on tools that i have reciepts for. im sure there is another 600 that i paid w/o reciept of tools that are probably worth 1200+. should/can i claim used tools?
you might get audited for anything over 500.00 from what i understand.
ok, what can they say? i show them a tool, and i have no reciept? can u even claim used 2nd hand tools???
Without something that says whom you bought it from and when, I wouldn’t try it. I know I always claim slightly under $500 for everythnig, clothes, travel, donations, ect.
i would think so as long as you have proof of purchase.
Are you filing them under a Schedule C? If so you will most likely not get audited under 15k of claims.
well, i filed tools i had reciepts for under federal-- but it didnt matter anyway b/c the standard deduction was more at 3300… however, all the tools i bought help out in state taxes, where it gets wrote off.
so uncle sam owes me 1082 and the govener owes me 57. hello car parts 
since technically you are somewhat of an entrepreneur you could file tool purchases under Schedule C. Then you get your standard deduction plus Schedule C deductions. All equipment i purchase for pittspeed is filed under schedule C.