Top Tax Deductions for Self-Employed People in the U.S.
Top Tax Deductions for Self-Employed People in the U.S. If you’re self-employed, taxes can be a major headache — but they don’t have to be. The U.S. tax code offers a variety of deductions that can reduce your tax burden and help you keep more of your hard-earned money. Let’s break down the most valuable deductions for freelancers, gig workers, and small business owners. 💡 1. Home Office Deduction If you work from home, you may be able to deduct a portion of: Rent or mortgage interest Utilities Internet & phone Repairs and maintenance Must be exclusively and regularly used for business. 🚗 2. Vehicle and Mileage Expenses If you use your car for business: You can deduct mileage ($0.655/mile in 2023) Or actual expenses (gas, maintenance, depreciation) Keep detailed logs — the IRS is strict. 📱 3. Business-Related Technology Deduct: Laptops Phones Software subscriptions (Zoom, QuickBooks, Canva, etc.) If it’s used for your bu...