- Home Office Expenses
- Business Supplies and Equipment
- Professional Development and Training
- Travel and Transportation
- Health Insurance Premiums
- Marketing and Advertising
- Utilities and Internet Costs
- Retirement Contributions
- Software and Subscriptions
- Legal and Professional Services
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.
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 improving skills and knowledge in the freelancer's field, such as workshops or online courses, can be written off.
Travel and Transportation
Freelancers can deduct mileage, parking fees, and public transportation costs for business-related travel.
Health Insurance Premiums
Self-employed individuals can deduct health insurance premiums paid for themselves, their spouse, and dependents.
Marketing and Advertising
Costs for promoting the freelancer's services, such as website maintenance, business cards, and online ads, are tax-deductible.
Utilities and Internet Costs
A portion of utility bills and internet expenses can be deducted if they are used for business purposes.
Retirement Contributions
Freelancers can deduct contributions to retirement accounts, such as a SEP-IRA or Solo 401(k).
Software and Subscriptions
Expenses for business-related software, apps, and subscriptions can be written off as tax deductions.
Legal and Professional Services
Fees paid for legal and professional services, such as accounting or bookkeeping, are deductible for freelancers.