As of March 2025, here are 16 tax deductions that self-employed individuals can claim on their tax return. Business owners might be able to recover some of the costs of running their company by ...

If you're an eligible business owner, the qualified business income deduction allows two deductions of up to 20% each. Look for these 15 deductions, from home office expenses to self-employment taxes.

Overview of self-employed tax deductions Working for yourself grants you a variety of tax benefits not available to traditional employees. Generally anything you purchase that's necessary to start ...

The Self-Employed Health Insurance Deduction Worksheet on page 90 of the Form 1040 and 1040-SR instructions can help you ...

The Tax Cuts and Jobs Act (TCJA introduced new deductions, like the qualified business income (QBI) deduction (see number 16, below), but it also eliminated or changed others, including the ...

Those extra expenses make claiming any available tax deductions all the more important. Here are five you should be sure not to overlook. If you are a self-employed person who works out of your ...