top of page

Tax Deductions Self-Employed Workers Often Miss

If you’re self-employed, claiming all eligible deductions can significantly reduce your tax liability. Many taxpayers miss deductions simply because they don’t know they qualify.

Commonly Missed Deductions

  • Home office expenses

  • Internet and phone used for business

  • Mileage and travel costs

  • Professional software subscriptions

  • Business insurance

  • Education or training related to your work


You can review the official IRS guide for self-employed deductions here:

How To Prepare for Your Tax Appointment

Before Your Appointment

  • Gather income documents (W-2, 1099, etc.)

  • Bring ID and Social Security numbers

  • Collect deduction receipts

  • Organize business income and expenses

During Your Appointment

  • Ask questions if something is unclear

  • Review your return carefully before filing

Helpful IRS Checklist:

Small Business Recordkeeping Guide

Good recordkeeping is essential for accurate taxes and financial organization. The IRS requires businesses to keep records that support income, deductions, and credits claimed.

Records You Should Keep

  • Income statements

  • Expense receipts

  • Payroll records

  • Bank statements

  • Mileage logs

How Long To Keep Records
The IRS generally recommends keeping tax records for at least 3 years, though some situations require longer.

© 2026 TBC Accounting LLC. All rights reserved.

bottom of page