28 Tax Deductions for Consultants | Beem

NAICS code: 541600

It’s not easy being an independent consultant. It takes a lot of hard work to find new projects and clients. On the other hand, you gain independence and can choose the assignments that suit you the best. There’s excitement to gain experience with each business. At the same time, you are also occupied with work. So, don’t forget to claim your tax write-offs at the right time.

We have put together a list of the most common write-offs for consultants that you can use to deduct your expenses.

🌐 Website expenses
Write it off using: Schedule C, Box 8
Website designing, plug-ins, stock photos, and themes can be written off. Write it off using
🎓Conferences & classes
Write it off using: Schedule C, Box 27a
Conferences and classes teach you a lot about the industry you are working in. Write these off.
📱Phone & accessories
Write it off using: Schedule C, Box 27a
We live in a time and world where we use our mobile phones for work. It’s partially tax-deductible!
🛠️ Labor costs
Write it off using: Schedule C, Box 11
It is tax-deductible if you hire people to help you in your work.
🗃️Business cards
Write it off using: Schedule C, Box 8
Brochures, templates, and business cards are all marketing expenditures that can be completely written off.
👨‍💻Productivity software
Write it off using: Schedule C, Box 18
Software like CRM, lead generation, and marketing automation are tax-deductible.

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📚 Educational books
Write it off using: Schedule C, Box 27a Educational books to increase your knowledge and skills are tax write-offs.
📝 Office supplies
Write it off using: Schedule C, Box 18 Deduct anything you buy for your office, like pens, binders, folders, printer ink, or a whiteboard.
😎 Self-promotional materials
Write it off using: Schedule C, Box 8 Audition tapes, portfolios, business cards: write off anything you use to promote yourself.
👔Professional services
Write it off using: Schedule C, Box 17 Professional services like lawyers, accountants, and more can be deducted from your taxes.
🗞️News & magazine subscriptions
Write it off using: Schedule C, Box 27a Newspaper or magazine subscriptions used for work-related research can be written off.
📣Online advertising
Write it off using: Schedule C, Box 8 If you create ad campaigns on Facebook, Google, Instagram, and others, you can write it off.
🖥️Electronic devices
Write it off using: Schedule C, Box 18 Computers, extra monitors, webcams, and microphones that you use are write-offs.

If you drive for work ...

You might spend a lot of your time zipping around town to meet clients, finish assignments and do your research among other tasks. Luckily, you can write off car-related expenses like maintenance and gas. Keep these tax write-offs in mind as a growing .

Parking
Write it off using: Schedule C, Box 27a
Parking for a meeting downtown, or any other work trip, is tax-deductible!
Tolls
Write it off using: Schedule C, Box 27a
A toll while driving to or from a work destination is tax-deductible!
Car purchase & depreciation
Write it off using: Schedule C, Box 13
If you buy a new car, you can write off part of the cost every year for five years.
Vehicle tool kit
Write it off using: Schedule C, Box 22
Flashlights, tire iron, duct tape, and other tools you may need in your vehicle are deductible.
Car insurance & registration
Write it off using: Schedule C, Box 15
Car insurance monthly fees, registration, even roadside assistance are partially deductible.
Car maintenance
Write it off using: Schedule C, Box 9
Oil changes, repairs, and regular checkups are all tax-deductible if you drive for work.

If you discuss work at a restaurant ...

Networking is a core practice of a successful and it can also be added to your tax write-offs. You likely often meet clients or people in your field at restaurants to chat about work, discuss projects and sign deals. When you do, remember to write off your business meal expenses.

🍔 Business meals
Write it off using: Schedule C, Box 24b
If you discuss work with a coworker, mentor, client, or prospective client, it’s a write-off!

If you leave town for work ...

Meeting an out-of-town client, attending a conference or networking is all part of the job. There are many reasons for you to travel for work as a busy and they can all be added as tax write-offs. They also count as business trips, so you can write off your travel costs.

Transportation
Write it off using: Schedule C, Box 24a
Planes, trains, and car rentals are all work-related travel costs that can be written off.
Travel lodging
Write it off using: Schedule C, Box 24a
When you travel for work, lodging expenses such as hotel rooms or Airbnb are write offs.
Meals while traveling
Write it off using: Schedule C, Box 24a
When you’re traveling for work, all meals are tax-deductible. Even takeout!

If you work from home ...

When you’re not busy working outside, you might spend your time working from your home as a successful and many activities count as tax write-offs. These include business plans, promotional work and coming up with new strategies. In this case, don’t forget to write off your home office expenses!

Home office furniture
Write it off using: Schedule C, Box 18
A desk, chairs, lamps, and other home office necessities are all tax write-offs.
Property repairs
Write it off using: Schedule C, Box 21
You can write off up to $2,500 for individual repairs to your property.
Power bill
Write it off using: Form 8829
Gotta keep the lights on in your home office! A portion of your electricity bill counts.
Property insurance
Write it off using: Form 8829
Whether it’s rental or homeowners insurance, you can write off a portion through your home office deduction.
Water bill
Write it off using: Form 8829
It’d be hard to work in an office without running water, huh? You water bill counts.
Wi-Fi bill
Write it off using: Schedule C, Box 25
Your Comcast bill is a tax write-off. You need internet to do your job!