Freelancer income is post-tax — you pay your own taxes. The good news: most work-related expenses are deductible. Not knowing your deductions = overpaying.
🏠 Home office: Percentage of room used for work × rent/mortgage interest/utilities
💻 Equipment: Computer, monitor, keyboard, mouse, printer (one-time deduction or depreciation)
📱 Communication: Phone bill, internet (proportional to work use)
🛠️ Software: Design tools, dev tools, office software subscriptions
✈️ Travel: Transportation, accommodation, meals for business trips
📚 Education: Courses, books, conference fees (related to current business)
💼 Insurance: Professional liability, health insurance (deductible in some regions)
🏦 Bank fees: Business account fees, PayPal/Stripe processing fees
When income exceeds a threshold (varies by country) or tax situations are complex (multi-country income, partnerships), hire a professional. Tax savings usually far exceed accountant fees.
Q: What qualifies for home office deduction?
A: A dedicated, fixed workspace used for work. A dining table doesn't count, but a专用 desk in a corner does.
Q: Can I deduct my computer in full?
A: Depends on the amount and local tax law. Small amounts may be fully deductible; larger ones typically require 3-5 year depreciation.