Top Freelance Tax Deductions for 2024: What Can I Write Off as a Freelancer?

Top Freelance Tax Deductions for 2024: What Can I Write Off as a Freelancer?

  1. Home office expenses
  2. Business-related travel
  3. Health insurance premiums
  4. Professional development and education
  5. Technology and equipment

Home Office Expenses

As a freelancer, you can deduct a portion of your rent or mortgage, utilities, and internet costs that are directly related to your home office.

Business-Related Travel

You can deduct expenses for business-related travel, including mileage, parking, tolls, and public transportation.

Health Insurance Premiums

Freelancers can deduct health insurance premiums, including those for themselves, their spouse, and dependents.

Professional Development and Education

Costs associated with improving your skills or staying up-to-date in your field, such as workshops, conferences, and online courses, are deductible.

Technology and Equipment

You can deduct the cost of technology and equipment used for your freelance work, such as computers, software, and office supplies.

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