As a freelancer, your taxes can get pretty complicated. Welcome to the labyrinthine world of deductions!
Even if you have an accountant prepare your taxes, it’s still a good idea to know what’s possible so you can make sure you’re keeping track of the right expenses. Below is a very basic overview of some of the business deductions freelancers typically take. Remember, every profession and field is different. While all may not apply to you -- and you may need to consult a tax professional to determine which do -- you’ll at least get a general idea of what’s possible.
To make this simpler to follow, we’re going to fill out the forms together, explaining along the way.