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Publications and Subscriptions Deduction for Freelancers

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Top subscription-related tax deductions for you

Music streaming services

If you have a music streaming service that you use for business use, you can deduct it from your 1099 employee taxes.

Tv streaming services

If you own a business and use a video streaming service to entertain your guests, you may deduct it. You can also deduct this if you require it for research purposes.

Grammarly

If you require Grammarly or other writing tools to assist you with your business, you can claim it as a deduction when you pay self-employment taxes.

Mealbox subscription

Your meal delivery service is only deductible if you require the meal for business functions.

E-commerce services

If you use Amazon, eBay, Etsy, or Walmart for buying and selling different items for your business, then you can claim a deduction for the same.

Trade journals

If you require professional, technical, medical, or trade journals or magazines related to your business, you may claim a deduction for the same.

Professional Fees

Any legal, financial, or professional consultations for your business are deductible.

Office Supplies

You can also deduct basic office supplies such as pens, paper, printer ink, etc.

Salaries & Benefits

All wages, bonuses, and benefits (ie. health insurance) that you offer your employees are deductible.

Commissions

Any commissions you pay to an affiliate or partner to promote your product or service are deductible.

Internet and Wi-Fi bill

Internet connection is a necessity, so you can claim your Wi-Fi and internet bills on your taxes!

Telephone

If you happen to have a landline connection for your office, it can be written off.

Office repairs and maintenance

Any sort of office repairs can be written off when calculating quarterly tax payments.

Publications and Subscriptions Deduction

These days there are subscriptions available for a variety of things. Meals, music, radio, tv, magazines, clothing, and more can all be delivered to your door for a small monthly fee. Wouldn’t it be great if you deduct these expenses from your taxes?

As it turns out, if you’re a freelancer, and have subscribed to magazines, newspapers, journals, newsletters, and similar publications for business purposes, then you can claim them as a deduction. This also includes Internet-based subscriptions for websites.

Freelancers claiming this deduction

Videographer

If you are a videographer, who has a YouTube subscription for business use, you may be able to deduct the service. However, you can’t use your business account for your personal use. If the IRS audits your return you need to be able to prove that the subscription meets these requirements.

Actor

As an actor, you can deduct your Netflix/Hulu/HBO subscription since you may require it for research purposes.

Doctor

If you are a doctor and have a waiting room that you play music in, you can deduct the cost of the music streaming service as a business expense.

Direct Seller

As a direct seller, if you use the Amazon Business Prime account for buying and selling different items for your business, then you can claim a deduction for the same.

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