NAICS code: 541400
Designers like you are the spine of today’s digital world. From advertisements to movie posters and websites, if it was not for you, the world today would be way less colorful and creative. And most importantly, you remind the world of an extremely important thing, passion.
But what if we tell you that while you sketch and paint, you can also save your taxes? Well, surprise, surprise! You can do that now. Don’t worry, we have come up with a quick list of write-offs to help you.
💻 Design software
Write it off using: Schedule C, Box 18
You can write off design software, including Photoshop and InDesign.
🖥️ Electronic devices
Write it off using: Schedule C, Box 18
Your devices that are required to teach, like Computers, extra monitors, webcams, and microphones, can be written off.
🌐 Website & hosting fees
Write it off using: Schedule C, Box 8
Website services like Wix and GoDaddy can be fully written off.
🎓Professional development
Write it off using: Schedule C, Box 27a
If you choose to enhance your skills or progress in your career, the courses, conferences, and workshops that you attend are fully tax-deductible.
🎨Creative assistance
Write it off using: Schedule C, Box 11
The payments made to hired editors, designers, photographers, or any other creative professionals can be written off.
📣Online advertising
Write it off using: Schedule C, Box 8
The expenses on ad campaigns run by you on Facebook, Google, Instagram, and other platforms can be written off.
☯️Digital design assets
Write it off using: Schedule C, Box 27a
Fonts, brushes, stock images, and any other digital assets you use for design can be written off.
🖼️ Professional photos
Write it off using: Schedule C, Box 11
Hiring a photographer to take professional photos for your portfolio can be deducted.
📝Office supplies
Write it off using: Schedule C, Box 18
You can deduct anything you buy for your office, including pens, binders, folders, printer ink, or a whiteboard.
📱Phone, laptop, accessories
Write it off using: Schedule C, Box 27a
If buy a phone or laptop and use it for work, it’s partially deductible.
📚 Educational books
Write it off using: Schedule C, Box 27a
Educational books to increase your knowledge and skills are tax write-offs.
😎 Self-promotional materials
Write it off using: Schedule C, Box 8
Audition tapes, portfolios, business cards: write off anything you use to promote yourself.
📱 Social media tools
Write it off using: Schedule C, Box 18
Write off the tools you use to create assets, schedule posts, or pull analytics.