The best business bank accounts for freelancers cost nothing each month, help you set money aside for taxes and keep your business income separate from your personal life. After comparing fees, interest and tax tools on each provider’s website, these are our picks for 2026: Whether you work as a sole proprietor or run an … Read more
DoorDash taxes work differently from a regular job. DoorDash doesn’t withhold anything from your pay, so you handle your own taxes as a self-employed contractor. In practice, that means three things: you set money aside from every payout, you send the IRS quarterly payments, and you deduct your business costs. The good news is that … Read more
Tax deductions for Uber drivers can cut your taxable profit by more than half. Mileage is the big one, but app fees, your phone, tolls and supplies count too. Lyft drivers follow exactly the same rules. In other words, everything on this page applies to both apps. As a rideshare driver, you are self-employed, not … Read more
Tax deductions for photographers cover almost everything your business needs: cameras, lenses, lighting, editing software, studio space, travel and marketing. If you shoot as a freelancer, you report these costs on Schedule C. As a result, every dollar you deduct lowers both your income tax and your 15.3% self-employment tax. The rule behind every deduction … Read more
Standard mileage vs actual expenses is the choice of how you deduct a car you use for work. In fact, it’s one of the biggest freelancer tax deductions for anyone who drives for business. So the right pick can be worth thousands of dollars a year. Also, parking and tolls for business trips are deductible … Read more
Design is a tool-heavy profession. A powerful computer, a color-accurate monitor, a drawing tablet, Adobe Creative Cloud, fonts and stock assets can easily cost several thousand dollars a year. Fortunately, almost all of these are tax deductions for graphic designers who work for themselves. However, many freelancers only claim the obvious ones, such as their … Read more
If you write for a living, the tools of your trade cost money: a laptop, software, books, a website and sometimes a trip to research a story. Fortunately, most of those costs are tax deductions for freelance writers, and claiming them can cut your tax bill by thousands of dollars. However, many writers miss them … Read more
Yes, freelancers can deduct their phone and internet, but only the part used for business. The phone and internet deduction is one of the easiest freelancer tax deductions to claim, and one of the most often missed. The key is a reasonable, documented percentage. Below you’ll see what counts, how to calculate your share, and … Read more
The home office deduction lets freelancers deduct part of their housing costs when they work from home. You can calculate it in two ways, and picking the right one can be worth thousands of dollars a year. The home office is one of the most valuable freelancer tax deductions, because it lowers both your income … Read more
Freelancer tax deductions are business expenses you can subtract from your income before you pay tax. Every legitimate expense lowers both your income tax and your 15.3% self-employment tax, so missing them is like paying the IRS a tip. The IRS rule is simple: you can deduct any expense that is ordinary (common in your … Read more