- Home Office Expenses
- Business Supplies and Equipment
- Professional Development and Training
- Travel and Transportation
- Health Insurance Premiums
- Retirement Contributions
- Software and Subscriptions
- Marketing and Advertising Costs
- Client Entertainment and Meals
- Legal and Professional Services
Home Office Expenses
Freelancers can deduct a portion of their rent or mortgage, utilities, and internet expenses if they use a dedicated space for their business.
Business Supplies and Equipment
Costs for office supplies, software, and equipment such as computers and printers are deductible for freelancers.
Professional Development and Training
Expenses related to workshops, courses, and certifications that enhance a freelancer's skills are tax-deductible.
Travel and Transportation
Freelancers can deduct mileage, parking fees, and tolls for business-related travel, as well as airfare and accommodations for work-related trips.
Health Insurance Premiums
Self-employed individuals can deduct health insurance premiums for themselves, their spouses, and dependents.
Retirement Contributions
Contributions to retirement accounts, such as a SEP IRA or Solo 401(k), are tax-deductible for freelancers.
Software and Subscriptions
Costs for business-related software, apps, and subscriptions can be deducted by freelancers.
Marketing and Advertising Costs
Expenses for promoting a freelance business, including website maintenance, advertising, and business cards, are tax-deductible.
Client Entertainment and Meals
Freelancers can deduct a portion of expenses for meals and entertainment with clients or potential clients.
Legal and Professional Services
Legal and accounting fees, as well as costs for hiring other freelancers for specific projects, are tax-deductible for freelancers.