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29 Jan 2019 There are exclusive tax breaks for self-employed Americans. But the key to taking advantage of these benefits is knowing what's tax-deductible.4 days ago Here are five big self-employment tax deductions that could slash tax bills for freelancers, contractors and other people who work for 17 Dec 2018 19 Self-Employment Income Tax Deductions. Half of Your Self-Employment Tax. Use of Your Home Office. Rent and Mortgage Interest. Utilities, Internet, and Phones Costs. Supplies. Equipment. Repairs and Maintenance. Retirement Plans. One of the most common tax deductions self-employed taxpayers can claim is automobile expenses. So don't fret over the steadily depreciating value of that In addition to your income tax, you will need to pay self-employment tax, as well. Self-employed deductions have strict guidelines, but an accountant can help A guide for the self-employed on how to save taxes, and what expenses they can of self-employment, as there are different tax deductions for business owners The Self-Employed Guide to Tax Deductions. Updated for Tax Year 2018. Publisher: bSolo. Editor: Grace Xie. Authors: TurboTax. Designer: Meredith Lambert. 11 Jan 2019 A list of common tax deductions self-employed and home business owners are eligible to take. 20 Feb 2019 But the 2017 Tax Cuts and Jobs Act eliminated a few self-employed tax deductions. The entertainment deduction was eliminated, so you'll no 4 Dec 2018 Know these 2018 tax deduction changes when filing in 2019. Health insurance is tax-deductible for self-employed taxpayers. If you were