Tax Write-Offs Explained | Tax Deductions for the Self-Employed

Keeper is delightfully smart tax filing software that’s especially useful for people with 1099 contracting & freelance income. Connect your bank to automatically uncover tax breaks & personalize. Get started with the app: https://keeper.tax/e/find-write-offs Our website: https://www.keepertax.com/ —————————————————————————————————— If you’re a freelancer, gig worker, or self-employed person, tax write-offs are your best friend. Know your way around them, and you can save around $2,000 on taxes every year. Tax write-offs let you legally take your tax bill from jaw-dropping to manageable. You can think of them as a 15-40% discount on things you bought for work — everything from your phone to your car. In this video, we’ll go over how tax write-offs for self-employed people work, and the most common write-offs you shouldn’t miss, like your phone bill and the software you use for work. Next, we’ll get into some expenses that you CAN’T write off — even if it seems like you should be able to. (Here’s a sneak peak: Your outfit probably isn’t a write-off, unless you can ONLY wear it to work!) TIMESTAMPS 0:00 - Intro 1:33 - What’s a 1099 tax write-off? 3:03 - Examples of tax write-offs 6:09 - Purchases that are not write-offs —————————————————————————————————— SUBSCRIBE HERE https://www.youtube.com/c/KeeperTax Here at the Keeper channel, we create resources to help you save on your taxes. Subscribe to watch us break down your tax bill, dig into write-offs, debunk tax myths, and more. #SelfEmployed #Freelancer #TaxDeductions —————————————————————————————————— COMMON TAX WRITE-OFFS For rideshare drivers: https://www.keepertax.com/tax-write-offs/lyft-uber-driver For delivery drivers: https://www.keepertax.com/tax-write-offs/postmates For real estate agents: https://www.keepertax.com/tax-write-offs/real-estate-agent For online sellers: https://www.keepertax.com/tax-write-offs/online-seller For freelance designers: https://www.keepertax.com/tax-write-offs/freelance-designer And more: https://www.keepertax.com/freelancer-tax-deductions —————————————————————————————————— FREE TAX RESOURCES 1099 Tax Calculator: https://www.keepertax.com/1099-tax-calculator How Much Should I Set Aside for Taxes?: https://www.keepertax.com/self-employment-tax-rate-calculator Quarterly Tax Calculator: https://www.keepertax.com/quarterly-tax-calculator —————————————————————————————————— OTHER VIDEOS TO WATCH Home Office Tax Deduction: https://youtu.be/T_RKwT49X7M Business Meal Tax Deduction: https://youtu.be/ogNMzQHEWBU How to Write Off Car Expenses: https://youtu.be/E_mJYXfwg8g