Being a sole proprietor makes you the leader, the bookkeeper, and 節税 商品 the tax filer all at once. It may be satisfying, but it also obliges you to manage a complicated tax environment. Fortunately, there are several practical ways to reduce your tax bill right away. Below are proven strategies that can give you immediate relief, whether you’re a freelancer, a small‑scale retailer, or a home‑based consultant.

  1. Increase Deductions for Business Costs

You can lower your taxable income by claiming all legitimate business expenses. Typical categories are:
Office supplies such as pens, paper, and printer ink
Business‑related travel costs including airfare, lodging, and meals
Vehicle use (mileage or actual expenses)
Equipment acquisitions such as computers, software, or machinery
Professional services such as legal, accounting, or marketing
Learning and training that directly boost your business capabilities

To get instant relief, keep meticulous records throughout the year, and file receipts or digital copies with every expense. The IRS will accept your deductions more readily if you prove the expense was ordinary, necessary, and directly linked to your business.

  1. Apply the Home Office Deduction

If you use a portion of your home exclusively and consistently for business, you can deduct part of your rent or mortgage interest, utilities, property taxes, and insurance. There are two methods offered by the IRS:
Simplified method: $5 per square foot of home office (max $1,500 for up to 300 sq ft).
Regular method: Actual expenses divided by the share of your home used for business.

As the simplified method is easier to calculate—and you can claim it regardless of actual utility costs—many sole proprietors opt for it to get instant tax relief. Just keep a floor plan and a clear record of the office space.

  1. Take Advantage of Health Insurance Deductions

If you’re self‑employed and pay your own health insurance, you may deduct full premiums from your income. The deduction is an above‑the‑line adjustment that lowers your AGI even if you don’t itemize. You’ll require a Form 1095‑C or 1095‑A to confirm coverage

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Pub: 11 Sep 2025 15:00 UTC

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