X Thread — Day 23 (4 Days Until Tax Day)
Total tweets: 5
Format: List-style thread highlighting missed deductions
Tweet 1/5 — HOOK
4 days until Tax Day.
The average self-employed person misses $2,400 in deductions every year.
Not because they don’t qualify — because they don’t know what to look for.
Here are 7 deductions you’re probably missing 🧵
Tweet 2/5 — DEDUCTIONS 1-2
1. Home Office Deduction
• % of rent/mortgage for dedicated workspace
• % of utilities and internet
• Furniture and equipment
2. Mileage and Vehicle Expenses
• 67 cents/mile for business driving
• Parking and tolls
• Actual expenses method (pro-rated)
Tweet 3/5 — DEDUCTIONS 3-4
3. Professional Development
• Online courses related to your business
• Conference attendance
• Professional association dues
4. Software and Subscriptions
• Project tools (Asana, Trello)
• Communication (Slack, Zoom)
• Cloud storage, accounting software
Tweet 4/5 — DEDUCTIONS 5-7
5. Meals — Only 50% deductible (common mistake)
6. Health Insurance Premiums — 100% deductible, reduces AGI
7. Retirement Contributions — Solo 401(k) or SEP-IRA can still be funded for prior year until April 15
These add up fast.
Tweet 5/5 — DOCUMENTATION & CTA
Missing receipts?
The IRS accepts:
• Bank statements
• Credit card statements
• Written memos (for expenses under $75)
You have 4 days. Go through your statements now.
Potential savings: $2,400+
Link in bio to organize receipts faster.