How to Turn Your Grocery Trip into a Tax Deduction

Did you that with a little planning you can make your grocery trip a tax deduction? We're talking just a few seconds of planning before you leave the house! It's crazy easy & can help you get a bigger tax refund!

Seriously guys, with just a little bit of planning you can make it even your trips to get groceries a tax deduction! And just to forewarn you if you're watching the video, the twins were awake so it took more than one try to get a video where they didn't overtake the camera.

But that's what happens when you're mom and you're trying to build a business. You just gotta do what you gotta do.

So for those of you who don't know me, I'm Jill Gockel. I'm a certified mom mentor and what that means is I help moms get the skills they need to learn to be present with their kids and have fun with them, even though they're trying to grow a business or build a career.

One of the things I specialize in is how to use strategies to really up your game with your tax deductions and how to make bookkeeping crazy easy with your home business.

So as I mentioned, I want to share how you can just do a tiny, tiny bit of planning so that you can make even your grocery trips a tax deduction. The way to do that is if you have my free Ultimate Tax Deduction Cheat Sheet you'll see on there examples of things that are business expenses. Things like buying envelopes, buying stamps or getting printer ink - all of those things can be business deductions.

So what you want to do is when you need to go and get groceries, you make a plan that you're going to go to a super store that sells groceries but also sells envelopes, labels, and things like that.

You plan this before you go because there's a little bit of strategy that you need to do to make sure that 100% of that mileage will be tax deductible.

When you go to the super store to get your groceries and get whatever business supplies that you're getting, you need to pay for those on a separate transaction. So it's best if you have a separate business credit card or debit card that you can use.

Then you are just going to set aside the envelopes or labels or whatever business supplies it is that you're purchasing. Set that aside to pay for separately.

You have the cashier run those through first, you pay for it with your business credit or debit card, and then you put the rest of your groceries through.

What that does is it is showing that you had a legitimate reason and business purpose to go to that super store and now your entire mileage to and from the super store is a tax deduction!

So if you haven't already downloaded my free cheat sheet, make sure to click here to grab it. This free cheat sheet has around 70 expenses that can be tax deductible for your business. By getting familiar with the examples on this cheat sheet, you'll be able to plan your spending even more efficiently and increase your tax deductions for the year!

I hope that helps and I hope you'll join me again for my next business bookkeeping or tax strategy tip!

~Jill