Tax Deduction Checklist For Self Employed

Tax Deduction Checklist For Self Employed

Tax Deduction Checklist For Self Employed

oboloo’s Glossary

As a self-employed individual, it’s important to understand the tax deductions available to you. A tax deduction checklist can help you ensure that you don’t miss any important deductions when filing your taxes. A tax deduction checklist for the self-employed should include all relevant business expenses such as office supplies, travel expenses and utility bills. It is also important to make sure that you include any applicable credits from state or local governments, organizations or other institutions. Additionally, you may be able to claim deductions related to start-up costs, health insurance premiums for yourself and your employees, home office expenses and commuting costs. By documenting your claimed deductions on your tax form, you can rest assured that you have taken care of every possible tax deduction.