Great question! There’s no fixed percentage, but many freelancers can write off 20% to 50% of their income with common expenses (home office, equipment, travel, and health insurance). It all depends on what’s ordinary and necessary for your business.
What percentage of my income as a freelancer can I realistically write off?
Great question! There’s no fixed percentage, but many freelancers can write off 20% to 50% of their income with common expenses (home office, equipment, travel, and health insurance). It all depends on what’s ordinary and necessary for your business.