What does everyone deduct on their taxes for their freelance careers? I have no clue where to begin.

like
Posting as :
works at
You are currently posting as works at

DOGE got rid of most of the IRS. The amounts of audits happening is down year after year. (Facts, look it up) So don’t be sheepish about deducting the heck out of everything. 100% deductible dog kibble for my emotional support home office mate!!!

funnylike

Get a tax professional to do this for you preferably someone that’s worked with freelancers before. Find freelancers in your state on LinkedIn and ask them. You can also try brasstaxes .com

like

Google: self employed tax deductions categories IRS

like

Set up and S Corp and you can write off things like part of your rent (home office), travel expenses, auto expenses, cellphone, various visual subscriptions and a lot of other items. Seek out a good CPA who deals with ad agency peeps.

like

You can write these off as a sole proprietor LLC with 1099 income too.

use chat to help you out and verify with your state's laws

like

Until it hallucinates the wrong info, you correct it, and it says “my bad, you’re totally right”

Depends on your state probably, but I set up a sole proprietorship for my freelance business. You can do that online in my state.

Related Posts

6, 8, or 9

Post Photo
funnylike

WFH poll - out of the 8 work hrs per day, how many hours are you actually working?

like

Best books on entrepreneurship? Trying to find a good birthday gift for a friend thinking of starting his own company and exploring business ideas

like

Patient advocacy leaders in Pharma- anyone interested to chat? I work for a patient recruitment vendor and am super interested to move to Pharma. Would love insider info!

like

How much UBS offers for 8+ years of exp. With counter offer of 23lpa. Kindly help.

Hi @all

I welcome you all to this community bowl created for people working or wants to work in Salesforce Domain.

Post Photo
like

Hello I have an online interview scheduled for power programmer having 2 years of experience what kind of questions can I accept ? Will there be a coding test too if so would it be technology based or DSA?

I got selected for Lilly bangalore. Things I should know???

I find it intriguing that Trump turned himself into a billionaire on his father’s investments. Then, he became President. Suddenly, all of the people he’s been doing business becoming a billionaire are now also billionaires fighting for the Trillionaire Club status. His net worth is probably going to surpass them all in the end. Quadrillionaire isn’t even in my keyboard’s dictionary yet...but it will be soon.

Thoughts on Pfizer’s canvas for developing emails and iDetails?

First time building an at home computer setup. Anyone know of a good laptop dock that works with Mac and Windows? Not trying to have to buy a separate one for when I work off my personal Mac for non-work stuff. Thanks

like

Hello Everyone
I have three years of work experience in SAP ABAP in one of the Big4.
Can someone refer me to open positions in Deloitte USI in Mumbai location?

How much do we get paid

like

My grandma got admitted to the hospital 2 days ago and just got discharged. Just came to know today that my dad was also hospitalized but is totally fine now. They’re both ok but why does it hurt so

Selling Zimmerman silk wrap dress in olive green, size 1, worn once
Pick up in NYC

Post Photo
like

Hi everyone! First time posting here. I am in a good sales role at my current company but it’s my first solid AE role in the tech industry. I am interested in exploring other opportunities as I know there are a lot out there, but is anyone else worried about the current economic state? I’m worried that if I find a new position for a new company and the economy going to sh** that I am worried about job security. Anyone else feel this way?

like

I recently passed the CFE and was looking into the CAMS next. Any suggestions on how to best prepare for the CAMS? I’ve been mostly reviewing the index cards that come with the prep material.

like

NY/NJ riders - anyone in for a meetup one of these weekends?

like

How are experienced hires vs recent grads treated at top consulting firms? I understand that each branch of each firm will be different from the other and it depends on the leadership. But have there been any uniform truths that people have noticed?

like

Additional Posts in WFH Freelancers

How’s the freelance market in SF right now?

Are there any free invoice sending and tracking tools? I’m currently using google sheets but feel like there has to be an easier way.

like

Is freelancing as a Photographer and Retoucher possible in LA or SF? Is anyone making that happen for themselves?

Is booking 40hrs a week freelancing for one company a good idea? Or does that seem like you don’t have anything else going on? I would like a good work life balance with the ability to take off weeks at a time in the middle of all this.

like

Recently got a contract job at Facebook NY. I’ve mostly only been a FTE for the entirety of my career, so a bit nervous as I want to eventually be offered FT but feeling a lot of pressure to perform for the next 5 months to prove my worth. At some point it will surely get exhausting. Any tips for how to deal with this? Also curious to know what a mid-level PM normally gets paid as a freelancer?

like

Time to update the website. Squarespace? Any other recommendations or tips? Thanks!

like

Hi there! Has anyone freelanced up at VMLY&R or Wunderman Thompson lately? I’m wondering if they will pay your LLC.

like

A client of a former employer wants to hire me as a 1099 employee through a separate vendor. If I'm under a non-compete, what's the best course of action? addendum? request release? too sketchy?

Art directors and graphic designers - any recommendations on brands and models of monitors? 4K or no? I want something for color accuracy and detail work, but no way I’m spending thousands on the new Apple monitors. Looking for 27” size. Thanks for recommendations!

like

Friendly reminder folks- don’t work for Havas Health and You. They cut the freelancers hourly rates, again and made it so there’s no OT. The resource manager at HOV said if I couldn’t swing $80 an hour as an HCP copywriter, she’d have to find someone else. Good luck 👍🏻

likehelpfulfunny

Have you ever asked a FT gig if you could freelance instead of going FT either to test out the agency/team or to wait out a better offer?

Any insights are appreciated.

like

any freelance Sr, ACD or CD ads looking for a cw partner in Chicago? Would love to have a few ads if I come across FL team needs.

On the verge of turning an hourly client into a retainer. Any tips?

Any account people successfully make the switch to freelance? How do you find the gigs?

like

What’s a good hourly rate for senior copywriters these days in LA? Couldn’t find anything under the search function.

like

2021 FREELANCE RATE THREAD. Let’s share to see how 2021 budgets seem to be. I’ll start, Associate design director, $1200/day

like

Does anyone else struggle with being a freelancer while also being a natural leader? I always feel in freelance roles that they would prefer I just shut up (even though my ideas have been praised and implemented plenty), esp within my own dept. In a full-time role, taking charge is expected, but I'm feeling like I should just sit back and take orders vs trying to be proactive or having thoughts in a freelance role.

like

Is your hourly rate based on a 40 hour or 50 hour work week? I ‘d like to make my day rate at 40 hours, but wasn’t sure if that was standard. Thanks in advance for any guidance.

Does anyone know of a coworking spaces that focus on creatives and/or marketing companies? All the ones I know of like technexus, wework and 1871 in Chicago are tech company focused.

Looking for a freelancer in a New York or LA to join our team of creative sales representatives for the photo/film industry. Any recommendations of where i could post more about the position?

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal