Every legitimate business expense is a deduction that reduces your tax bill. Here are deductions many freelancers miss.

Common Missed Deductions

Home Office

Deduct a portion of your rent/mortgage, utilities, internet, and home insurance based on office space percentage.

Health Insurance Premiums

Self-employed health insurance premiums are deductible as an adjustment to income, not just as a medical expense.

Retirement Contributions

Contributions to Solo 401(k), SEP IRA, or SIMPLE IRA are fully deductible.

Vehicle Expenses

Deduct either:

  • Standard mileage rate (67 cents/mile in 2025)
  • Actual expenses (gas, maintenance, insurance, depreciation)

Professional Development

Courses, conferences, books, and certifications that improve your skills.

Software and Subscriptions

Adobe Creative Cloud, Microsoft 365, project management tools, hosting fees, etc.

Equipment

Computers, monitors, cameras, furniture. May qualify for Section 179 immediate deduction.

Business Meals

50% deductible when meeting with clients or conducting business.

Marketing

Website costs, business cards, promotional materials, advertising.

Record Keeping Tips

  • Save all receipts
  • Use accounting software
  • Categorize expenses immediately
  • Keep business and personal separate

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