Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Showing results for 
Search instead for 
Did you mean: 
New Member

What are the deductions for small business

What deductions are available for freelancers?


2 Replies
Level 15

What are the deductions for small business

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.


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

Not applicable

What are the deductions for small business

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. 

Dynamic AdsDynamic Ads
Privacy Settings