Freelance Writing

Deducting Writing Expenses During Tax Time

Happy Monday, fellow freelancers! I hope you all had a terriffic Labor Day Weekend. This week, I'm going to introduce a series of short, informative articles relating to various aspects of freelance writing that I haven't covered before. Whether it's a definition you may never have heard of before that pertains to freelance writing, or an informative article about self publishing, you'll find in here this week.

So, how do you deduct your writing expenses when it comes time to prepare your taxes? Whether you're an experienced professional or just embarking on your career, a qualified tax consultant will be able to help you with everything you need to do to ensure your taxes are filed correctly. Usually, there's a specific form you'll need to fill out to list your deductions.

It's also important that you keep all of your receipts to give to your tax consultant, because these will serve as proof of your various deductions. Additionally, if you run your business out of a home office, you can include office supplies and other necessities as business expenses and may be able to deduct those. What's more, travel time, research, and any other act that directly influences your career as a freelance writer can be deducted on your taxes.

Check back during the rest of this week for more information you can use as a freelance writer! Leave your thoughts below, or drop me a line. I'm always interested to hear your opinions.

Warm Regards,

Denise

posted by Denise @ 9:25 AM