Tax Write-Offs Explained | Tax Deductions for the Self-Employed

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If you’re a freelancer, gig worker, or self-employed person, tax write-offs are your best friend. Know your way around them, and you can save around $2,000 on taxes every year.

Tax write-offs let you legally take your tax bill from jaw-dropping to manageable. You can think of them as a 15-40% discount on things you bought for work — everything from your phone to your car.

In this video, we’ll go over how tax write-offs for self-employed people work, and the most common write-offs you shouldn’t miss, like your phone bill and the software you use for work. Next, we’ll get into some expenses that you CAN’T write off — even if it seems like you should be able to. (Here’s a sneak peak: Your outfit probably isn’t a write-off, unless you can ONLY wear it to work!)

TIMESTAMPS

0:00 - Intro
1:33 - What’s a 1099 tax write-off?
3:03 - Examples of tax write-offs
6:09 - Purchases that are not write-offs

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COMMON TAX WRITE-OFFS

For rideshare drivers: https://www.keepertax.com/tax-write-o...
For delivery drivers: https://www.keepertax.com/tax-write-o...
For real estate agents: https://www.keepertax.com/tax-write-o...
For online sellers: https://www.keepertax.com/tax-write-o...
For freelance designers: https://www.keepertax.com/tax-write-o...
And more: https://www.keepertax.com/freelancer-...

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FREE TAX RESOURCES

1099 Tax Calculator: https://www.keepertax.com/1099-tax-ca...
How Much Should I Set Aside for Taxes?: https://www.keepertax.com/self-employ...
Quarterly Tax Calculator: https://www.keepertax.com/quarterly-t...

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