Gig Worker Tax Deductions You Might Be Missing
As a gig worker, understanding freelancer tax write-offs can help you maximize self-employed deductions and reduce your taxable income.
As a gig worker, maximizing your tax deductions means keeping more money in your pocket. Here are five write-offs you might be missing:
1. Home Office Deduction
If you work from home, claim a portion of your rent, utilities, and internet as a business expense.
2. Mileage and Travel Expenses
Use mileage tracking apps to deduct rideshare miles, deliveries, or client visits.
3. Equipment and Software
Laptops, cameras, editing software, and subscriptions like Canva or Adobe are fully deductible.
4. Marketing and Advertising
Any money spent on Facebook ads, websites, or business cards can be written off.
5. Business Meals
If you're meeting a client or networking, those meals are 50% deductible.
Keeping good records will ensure you maximize deductions and lower your tax bill!