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The Top 20 Self-Employment Tax Deductions Freelancers Need To Know

Before filing your self-employment taxes, see if you qualify for any of these self-employment tax deductions to help you save on your tax return.

    Chelsea Krause
  • 3 comments
  • Updated on:
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Chelsea Krause

Chelsea Krause

Expert Analyst & Reviewer
Chelsea Krause is a writer who has specialized in accounting for over five years and is a QuickBooks Certified User. She has a BA in English & Creative Writing from George Fox University and studied at the University of Oxford as well. She has been quoted in Forbes and her work appears in Startup Nation, Small Business Bonfire, and Women on Business.
Chelsea Krause
View Chelsea Krause's professional experience on LinkedIn.

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3 Comments

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    Raj

    Great article.

    However, in 2021, do you think it is important to save time spent on tracking every single expense?

    I personally work as a Freelance UX Designer and have been going through apps like Quickbooks, Everlance, FlyFin A.I. but the constant need to find something which works consistently is still there.

      This comment refers to an earlier version of this post and may be outdated.

      Erica Seppala

      Hi Raj!

      I completely agree. Tracking expenses can be time-consuming, and there aren’t software or apps that will get it right 100 percent of the time. Hopefully, as we continue to see advances in technology, tracking expenses and finding deductions can become easier and more accurate in the future. There are a lot of new apps out there that we here at Merchant Maverick haven’t yet reviewed, so this may be something that we explore in the future to help freelancers and small businesses find the best and easiest ways to track expenses.

        This comment refers to an earlier version of this post and may be outdated.

        Raj

        Hey Erica, thanks for your reply!

        Also looking forward to your review of these apps which help with filing taxes.

        If it’s any help, the best ones I found so far are FlyFin AI, KeeperTax and Everlance.

        There are more but these are the ones which stood out.

        I’ll be waiting for your review if you do one!

          This comment refers to an earlier version of this post and may be outdated.

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