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

Keeper is delightfully smart tax filing software that’s especially useful for people with 1099 contracting & freelance income. Connect your bank to automatically uncover tax breaks & personalize.

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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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#SelfEmployed #Freelancer #TaxDeductions

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COMMON TAX WRITE-OFFS

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FREE TAX RESOURCES

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OTHER VIDEOS TO WATCH

[SimplyBreMac]

First time doing contract work. I was so nervous before watching this video! I’m trying to make sure I don’t go to jail 😂 thank you so much!!!

[stevensharpejr]

I’ve had so much anxiety about doing my business taxes for the first time and this video explained write offs SO WELL! I actually get it now!

[shaydeemalik]

I'm so glad I found your videos! You make it easy to process the content and your upbeat personality takes the anxiety off learning! Thanks

[ymillsreese]

Thank you thank you. This is be my fist time working with a 1099. The information you provided is mind blowing. Keep up with the great work. I will be coming back more often for more great information.

[briimarie]

Thank you for breaking these down simply and clearly!!! Your very easy to listen to

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[jptalty]

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Thank you for this information. It was very helpful.

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[ploynarongrit]

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[hotwing]

It finally makes sense to me. Thank you

[x_sidyenlevarity]

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[ehok]

Hi, thank you for the great content! could you give an example of a personal trainers write offs?

[happyreality]

Thsnk you, also would more information on more tips on business write off for taxes

[MichelleMontemayor]

Great videos! The questions below are amazin and super helpful to read this is a valuable resource. I have questions about the education write-offs. Would business, marketing, and the like classes, books, and coaches count? I work in the spiritual realm, I don't use tools, but I do continually learn different techniques, modalities, and engage in paid communities to hone in my skills, would these be write-offfs? Thanks in advance!