- Top freelance tax deductions for 2024
- Home office expenses
- Health insurance premiums
- Business-related travel expenses
- Professional development and education costs
Home Office Expenses
As a freelancer, you can deduct a portion of your rent or mortgage, utilities, and internet costs if you use a dedicated space in your home for work.
Health Insurance Premiums
Freelancers can deduct the cost of health insurance premiums paid for themselves, their spouses, and dependents.
Business-Related Travel Expenses
You can deduct expenses related to business travel, such as airfare, lodging, meals, and transportation.
Professional Development and Education Costs
Freelancers can deduct expenses for workshops, courses, and other educational resources that are directly related to their business.