What are the deductions for small business

[JM79]

What deductions are available for freelancers?

[tagteam]

If you are operating as a sole proprietor (reporting on Schedule C), the potential expenses deductible from your gross income are too numerous to list. The publication at the link below is a good place to start.

https://www.irs.gov/publications/p535#en_US_2018_publink100015064

The IRS also has a web site for self-employed individuals.

https://www.irs.gov/businesses/small-businesses-self-employed/self-employed-individuals-tax-center

[Anonymous]

just about everything that is business related though the deduction s for things like gifts, meals and entertainment are limited.   capital expenditures must be capitalized and depreciated but bonus depreciation should allow full deduction in year acquired/placed in service.  the will be limits on depreciation for certain vehicles.   this is just a general summary.