Self-Employment Deduction Guide
Use this as a year-round reminder of expenses that may matter at tax time. Check items that apply to your business and keep the receipts, invoices, mileage logs, statements, and other records that support them.
Important: An item being listed here does not automatically make it deductible. In general, a business expense must be ordinary and necessary for the business, and personal portions must be separated when an expense has mixed business/personal use.
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If you would rather review your self-employment questions with LT Tax Co., you can book a tax consultation.
I Want Help From a Professional
If you would rather review your self-employment questions with LT Tax Co., you can book a tax consultation.
I Want Help From a Professional
Keep the proof. A clean expense list is helpful; records supporting the amount and business purpose are better. When in doubt, save the documentation and ask your tax professional rather than throwing it away.