Self-Employed Deductions (Schedule C)
Self-Employed Deductions (Schedule C) These are the highest-impact deductions your clients often miss. ✔ Home Office Deduction - Must be regular & exclusive use - $5 per sq ft (up to 300 sq ft) OR actual expenses - Rent, utilities, WiFi portion, repairs, insurance ✔ Cell Phone & Internet - Percentage used for business - 70–100% typically accepted if business run via phone ✔ Business Vehicle Deduction Two methods: - Standard Mileage 2024: 67 cents per mile - Actual expenses: gas, tires, repairs, insurance, depreciation Hot tip: Rideshare, delivery, mobile businesses = huge miles. ✔ Supplies + Equipment - Computers - Printers - Ring lights - Software - AI tools - Subscriptions - Office furniture ✔ Business Meals - 50% deductible - Must have a business purpose - Keep receipt + who + what was discussed ✔ Travel Hotels, flights, rental cars, Uber/Lyft, conferences. ✔ Professional Services - Coaching - Mentorship - Skool membership - Training classes - Legal fees - Bookkeeping ✔ Advertising + Branding - Canva - Flyers - Websites - Social media ads - Marketing agency fees