Top Trending Deductions for Freelancers
- Home Office Expenses
- Health Insurance Premiums
- Business Travel Costs
- Professional Development and Education
- Software and Technology Expenses
Home Office Expenses
Freelancers can deduct a portion of their rent or mortgage, utilities, and internet costs if they use a dedicated space in their home for work.
Health Insurance Premiums
Freelancers who pay for their own health insurance may be able to deduct their premiums as a business expense.
Business Travel Costs
Travel expenses related to business trips, such as airfare, lodging, and meals, can be deducted by freelancers.
Professional Development and Education
Costs for workshops, courses, and conferences that are relevant to a freelancer's business can be deducted as business expenses.
Software and Technology Expenses
Freelancers can deduct the cost of software, apps, and technology tools they use for their business, such as design software, project management tools, and website hosting.