Freelance Tax Deductions Checklist: 24 Things You Can Write Off

Most freelancers leave money on the table at tax time. Not because they don’t earn enough, but because they don’t know what counts as a deduction. This checklist covers the most common write-offs for self-employed workers in the US, UK, and EU.

1. Home Office

If you use a dedicated space for work, you can deduct a portion of your rent or mortgage, utilities, internet, and home insurance. The simplified IRS rate is $5 per square foot up to 300 square feet.

2. Equipment and Software

Laptops, monitors, cameras, and peripherals are deductible. So are subscriptions: Adobe, Microsoft 365, project management tools, and domain renewals.

3. Internet and Phone

If you use your phone or internet for business, deduct the business percentage. Keep a one-month log to justify the split.

4. Mileage and Transportation

Business mileage is deductible at the statutory rate. Include drives to client meetings, supply runs, and coworking spaces. Keep a log.

5. Meals and Entertainment

Business meals are typically 50% deductible. Client entertainment is more restricted, but meals during a business discussion usually qualify.

6. Professional Development

Courses, books, conferences, and certifications related to your work are fully deductible. This includes online courses, masterclasses, and industry memberships.

7. Health Insurance

Self-employed workers can often deduct 100% of health, dental, and long-term care insurance premiums.

8. Retirement Contributions

SEP IRA, Solo 401(k), and SIMPLE IRA contributions reduce your taxable income. In many cases you can deduct the full amount.

9. Banking and Payment Fees

Stripe, PayPal, Wise, and bank transfer fees all count. So do invoicing tool subscriptions if you pay for premium features.

10. Legal and Accounting

Attorney fees, accountant fees, and tax preparation costs are deductible business expenses.

Use Our Tax Calculator

Estimate how much these deductions will save you with our free tax calculator. Enter your income, itemize your expenses, and see your net tax liability instantly.