As a freelancer, you must have thought of ways to reduce your self-employment taxes. Most freelancers struggle with their taxes because every industry and career involves a different set of deductions.

The IRS doesn’t make it any easier since it doesn’t provide a list of small-business tax deductions for every profession. However, it provides self-employed individuals with the ability to seek deductions on anything which is considered “ordinary and necessary” to run your business.

Aside from these deductions, you can deduct other unique expenses which are detailed in the following infographic.

[Click image for full size version]

Irma Wallace

Irma Wallace

Co-founder and Vice President of SearchRank, responsible for many of the day to day operations of the company. She is also founder of The Arizona Builders’ Zone, a construction / home improvement portal.

Share On Social Media