Self-Employed Deduction Finder
Identifies common tax deductions available to 1099 filers and freelancers
Check each deduction that applies to you and enter the estimated annual amount.
Check deductions and enter amounts to see your total
Rough estimate at a 25% tax rate
Number of deduction categories checked
Frequently Asked Questions
What deductions can self-employed people claim?
Common deductions include home office expenses, vehicle/mileage, health insurance premiums, retirement contributions, equipment and supplies, software subscriptions, professional development, business insurance, phone and internet, travel and meals (50%), and professional services.
How much do deductions save on taxes?
Deductions reduce your taxable income, not your tax dollar-for-dollar. At a 25% effective tax rate, a $1,000 deduction saves approximately $250 in taxes. Higher-bracket taxpayers save more per dollar of deductions.
Do I need receipts for every deduction?
Yes. The IRS requires documentation for all business deductions. Keep receipts, invoices, bank statements, and mileage logs. Digital records are acceptable. The burden of proof is on you if audited. Use accounting software to track expenses automatically.
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