- Home Office Expenses
- Business Equipment and Supplies
- Professional Development and Training
- Health Insurance Premiums
- Travel and Transportation Costs
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.
Business Equipment and Supplies
The cost of purchasing and maintaining necessary equipment and supplies for freelance work, such as computers, software, and office furniture, can be deducted.
Professional Development and Training
Expenses related to improving skills and knowledge in the freelancer's field, such as workshops, courses, and industry conferences, are eligible for tax deductions.
Health Insurance Premiums
Freelancers who pay for their own health insurance may be able to deduct their premiums, including those for dental and long-term care coverage.
Travel and Transportation Costs
Freelancers can deduct expenses for business-related travel, including mileage, public transportation fares, and accommodations while away from home for work purposes.