What Expenses Are Deductible When You Work for Yourself?

Being self-employed has many advantages, but it also comes with tax responsibilities. One of the best ways to reduce your tax burden is to take full advantage of tax deductions. Here are some key deductions you can apply if you are a freelancer or independent worker.

1. Home Office 🏡

If you use part of your home exclusively for business, you may be able to deduct expenses such as rent, utilities, and maintenance.

📌 Example: You can deduct a percentage of your rent if you work from a home office.

2. Equipment & Technology 💻

Expenses for computers, software, cameras, mobile phones, and other business-related equipment may be deductible.

📌 Example: If you purchased a laptop for work, you might be able to deduct part or all of the cost.

3. Transportation Expenses 🚗

If you use your car for business, you can deduct mileage, gas, maintenance, and insurance.

📌 Tip: Keep track of your mileage with apps like MileIQ to maximize this deduction.

4. Advertising & Marketing 📢

Expenses for social media ads, graphic design, business cards, and business promotion can be deductible.

📌 Example: If you paid for Facebook or Google ads to attract customers, keep those receipts!

5. Education & Professional Development 📚

Courses, certifications, memberships, and subscriptions that improve your business skills can be deductible.

📌 Example: If you paid for an online course to improve your business, you may be able to include it in your deductions.

6. Health Insurance & Benefits 🏥

If you are self-employed and pay for your health insurance, you may be able to deduct it on your tax return.

📌 Tip: Consult with a professional to see if you qualify for this deduction.

7. Professional & Accounting Fees 📑

Services from accountants, lawyers, and tax advisors hired for your business may be deductible.

📌 Example: If you hired an accountant to help with your taxes, you can deduct that expense.

How to Take Advantage of These Deductions?

✅ Keep all receipts and invoices.
✅ Use digital tools to track your expenses.
✅ Consult with an expert to ensure compliance with IRS regulations.

📞 At Viera Services, we help you identify and apply all available deductions. Contact us today!

📍 Gainesville: +1 470-846-6232 | (770) 287-7745
📍 Cornelia: +1 706-778-6478