Tax Deductions Freelancers Can Make
There are quite a few deductions available to freelancers that may not seem obvious when you first sit down with all those 1099s and receipts.
But as long as you have the right documentation, you can write off plenty of deductions you may never have thought of.
1. Unpaid invoices
2. Niche research
3. Meetings at the coffee shop
4. Job hunting
5. PayPal fees
6. Virtual assistants and other freelancers
7. Your home expenses
8. Cellphone and Skype
9. Cellphone and Skype
10. Payments to non-profits
Go here for more details.
Photo by GMDee.
Angela on February 9th, 2009 9:46 am
PayPal fees
I included those fees as an expense when I calculated my taxes this weekend. So many people overlook the percent that paypal takes. Last year alone I think paypal took almost $200 in fees. It really adds up!
Jaclyn on February 10th, 2009 10:58 am
I found this extremely helpful as this year will be the first time i’ve ever filed as a 1099 for taxes. thank you for this post, it has really come in handy for me doing my taxes this week. also…there are many other thing’s that a freelancer can claim, office space in their home, electric bill, computer expenses, internet cost’s, etc.
cassy on February 10th, 2009 6:37 pm
Good info. for those who are neophyte freelancers…
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