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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.

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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

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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

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During Your Appointment

  • Ask questions if something is unclear

  • Review your return carefully before filing

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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.

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Records You Should Keep

  • Income statements

  • Expense receipts

  • Payroll records

  • Bank statements

  • Mileage logs

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

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