What tax deductions can I claim as a freelance graphic designer?

What tax deductions can I claim as a freelance graphic designer?

As a freelance graphic designer, you can claim deductions for expenses like software subscriptions, office supplies, and home office costs.

Can I deduct my computer and design equipment?

Yes, you can deduct the cost of your computer and any design equipment you use for your work, either as a one-time expense or through depreciation.

What about travel expenses for client meetings?

Absolutely! Travel expenses for client meetings, including mileage, gas, and lodging, can be deducted as long as they are business-related.

Are there any specific deductions for marketing my services?

Yes, expenses related to marketing your services, such as website costs, advertising, and promotional materials, are deductible.

How do I keep track of these deductions?

You can keep track of deductions by maintaining organized records of your receipts, invoices, and using accounting software to categorize expenses.