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Tax Tips for the Self-Employed

Whether you’re a seasoned business owner, newly self-employed or testing out a side-gig, TurboTax has you covered on tax tips, deductions, and tax forms for your business income. Rivermark Community Credit Union breaks down a few ins and outs.

Common Write-Offs

Rideshare Driver

  • Car repairs
  • Insurance
  • Mobile phone
  • Even bottled water you provide for your fares

Freelance Designer

  • Studio rental
  • Tools & supplies
  • Design association fees
  • Home office space

Real-Estate Agent

  • Marketing materials
  • Mileage
  • Home office space
  • Even portions of real estate taxes, mortgage interest, rent, utilities, insurance, etc

Consultant

  • Training courses
  • Computer and software
  • Business travel
  • Mileage driving to see a client, heading to a meeting, or going to work from another location

TurboTax Self-Employed Has You Covered

TurboTax helps you get every self-employed tax deduction and dollar you deserve.  Get expert help on demand, find industry-specific tax deductions – and get your biggest possible refund, guaranteed. As a credit union member you can save $15 on the TurboTax Self-Employed product, PLUS you get a one-year complimentary subscription to QuickBooks Self-Employed* to effortlessly track expenses, jobs and mileage throughout the year. Click here to access TurboTax and your savings!