Tag: self-employed
Education and Training Tax Deductions 2025: What Self-Employed Workers Can Write Off
Courses, professional certifications, books, and training that maintain or improve skills in your current trade are fully deductible for self-employed workers in 2025.
Health Insurance Tax Deduction 2025: Self-Employed vs. Employee Rules
Self-employed workers can deduct 100% of health insurance premiums as an above-the-line deduction. Employees face the 7.5% AGI threshold instead. Learn the difference.
Business Travel Tax Deduction: What’s Deductible, How to Allocate, and What Records to Keep
Business travel expenses including flights, hotels, rental cars, and 50% of meals are deductible. Learn what qualifies, how to allocate mixed trips, and what records to keep.
Cell Phone Tax Deduction: How to Write Off Your Phone Bill in 2025
Self-employed workers can deduct the business-use portion of their cell phone and monthly plan. Learn how to calculate the percentage and report it correctly.
Simplified vs. Actual: Which Home Office Deduction Method Saves You More?
Compare the simplified method ($5 per sq ft, max $1,500) against the actual expense method for the home office deduction. Which saves self-employed workers more?