Are You Leaving Money on the Table?
If you’re a freelancer, gig worker, or part of the growing self-employed economy, taxes can feel overwhelming. Unlike traditional employees, you’re responsible for tracking your income, estimating quarterly taxes, and finding every deduction possible to lower your tax bill.
Unfortunately, many self-employed individuals miss out on legitimate deductions simply because they’re not aware they qualify.
Let’s change that.
7 Overlooked Deductions That Could Save You Big
- Home Office
If you use a dedicated space in your home regularly and exclusively for business, you may qualify, even if it’s just a corner of a room. The IRS offers both a simplified and a standard method for calculating the allowable deduction.
- Phone & Internet Usage
Do you use your mobile phone or internet for business-related work? You can deduct a portion of those bills based on business use.
- Health Insurance Premiums
If you’re self-employed and pay for your own health insurance, those premiums may be fully deductible, including dental and long-term care coverage.
- Business Mileage
Driving to meet clients, pick up supplies, or attend work-related events? Track your miles. For 2025, the IRS standard mileage rate is 67 cents per mile (check IRS.gov for updates).
- Professional Development
Courses, certifications, webinars, or industry memberships can often be deducted if they relate to your trade.
- Software and Apps
Do you pay for bookkeeping tools, design software, calendar systems, or productivity platforms? These count as business expenses.
- Startup and Marketing Costs
If you launched your business recently, expenses like logo design, website hosting, business cards, or social media ads may be deductible.
Recordkeeping = Your Best Friend
To benefit from these deductions, keep detailed records. Save receipts, log miles, and separate personal and business finances with dedicated accounts and cards.
Let’s Maximize Your Return — Together
At Filipek & Company, we specialize in helping freelancers and gig workers reduce their tax liability and stay compliant. Don’t wait until tax season to discover what you missed. Schedule a consultation with us today!
