What are some tax deduction tips for freelancers?

What are some tax deduction tips for freelancers?

As a freelancer, you can deduct expenses like home office costs, equipment, and software. Have you tracked your expenses?

I haven't tracked them yet. What should I start with?

Start by keeping records of all your business-related expenses, like receipts for supplies and invoices for services.

Are there specific deductions I should be aware of?

Yes, you can also deduct travel expenses, marketing costs, and even a portion of your internet bill if it's for work.

How do I keep track of all these deductions?

Consider using accounting software or apps designed for freelancers to help you organize and track your expenses easily.