What deductions can I claim on my taxes?
An example of an AI chatbot conversation about tax deductions and professional advice.
What deductions can I claim on my taxes?
You can claim various deductions such as mortgage interest, student loan interest, and medical expenses. Are you looking for specific categories?
Yes, I'm a freelancer. What can I deduct?
As a freelancer, you can deduct business expenses like home office costs, supplies, and travel expenses related to your work.
What about health insurance premiums?
Yes, you can deduct health insurance premiums if you're self-employed. This can significantly reduce your taxable income.
Are there any limits on these deductions?
Yes, some deductions have limits. For example, the home office deduction is based on the size of your office compared to your home.
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