- Home office expenses
- Health insurance premiums
- Business-related travel expenses
- Professional development and education costs
- Technology and equipment purchases
Home Office Expenses
Freelancers can deduct a portion of their rent or mortgage, utilities, and internet costs if they use a dedicated space for work.
Health Insurance Premiums
Self-employed individuals can deduct their health insurance premiums, including dental and long-term care coverage, as an adjustment to income.
Business-Related Travel Expenses
Freelancers can deduct expenses related to business travel, including airfare, lodging, meals, and transportation.
Professional Development and Education Costs
Costs for workshops, conferences, and online courses directly related to the freelancer's business can be deducted.
Technology and Equipment Purchases
Freelancers can deduct the cost of computers, software, and other equipment used for their business.