Smart Tax Deductions Every Self-Employed Professional Should Know

Running your own business comes with perks—and responsibilities.

One of the biggest financial wins? Maximizing your tax deductions. Yet, many self-employed individuals miss out simply because they’re unaware of what’s deductible.

✅ Top Self-Employed Tax Deductions to Know:

• ✅ Business expenses like office supplies, accounting fees, and business insurance are fully deductible.

• ✅ Home office deduction applies if you use a portion of your home exclusively for work—think utilities, internet, and furniture.

• ✅ Vehicle & travel costs used for business purposes can be deducted, including mileage, maintenance, and business trips.

• ✅ Marketing & advertising expenses like websites, digital ads, and promotional materials are tax-deductible.

• ✅ Professional development such as work-related courses, seminars, and publications can reduce your taxable income.

• ✅ Depreciation of assets like computers, office equipment, and tools used in business can be written off over time.

• ✅ Accurate recordkeeping is essential—keep receipts and logs to back up your deductions and avoid issues.

  
  

? Want the full breakdown? Read the complete guide on Self-Employed Tax Deductions to make sure you’re not leaving money on the table.

? Need personalized help? Visit the Baron Tax & Accounting homepage to connect with our tax experts today.