LinkedIn Post — Day 23 (4 Days Until Tax Day)
Format: List-based, value-focused, professional tone
4 days until Tax Day.
The Government Accountability Office found that self-employed individuals underreport deductions by an average of $2,400 per year.
Not because they don’t qualify — because they don’t know what counts.
Here are the deductions you’re most likely missing:
1. Home Office Deduction
% of rent/mortgage, utilities, internet, furniture — for a dedicated workspace only.
2. Mileage (67¢/mile)
Business miles driven, parking, tolls. Document dates, destinations, business purpose.
3. Professional Development
Courses, conferences, certifications — if directly related to your current business.
4. Software Subscriptions
Project management, communication tools, cloud storage, accounting software.
5. Business Meals (50% only)
Client dinners, business meetings. Common mistake: claiming 100%.
6. Health Insurance Premiums (100% deductible)
Above-the-line deduction that reduces AGI — dental, vision, long-term care included.
7. Retirement Contributions
Solo 401(k) and SEP-IRA can still be funded for the prior tax year until April 15.
Missing documentation?
The IRS accepts bank statements, credit card statements, and written memos as proof for expenses under $75.
Four days is enough time to review your statements and capture what you’re owed.
Link in bio to organize deductions faster.
#taxday #deductions #freelancer #smallbusiness #taxseason