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R
Rodneylee
February 28, 2023
Question

Customer Rebates or refunds

  • February 28, 2023
  • 2 replies
  • 0 views

Can Counselor services that are discounted be deducted? Example, service rate is $150 but insurance will pay $75 or client can only pay $75, so give them a debate of $75 so the client doesn't need to pay out of pocket.

2 replies

B
Bsch4477
February 28, 2023

You can’t deduct your discount from a service. On the bright side you don’t have to pay tax on the income you didn’t receive. 

    H
    HelenC12
    February 28, 2023

    No, you cannot claim income of $75 and a discount of $75 to net you zero income.

     

    You may report your income one of two ways:

    1. You would enter the $75 income that you earned, or 
    2. You may claim income of $150 and a discount of $75 which nets to $75 income.

     

     

     

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