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[IMG_TEST_START]<img src=x onerror=alert(1)>[IMG_TEST_END] As a freelancer, you're likely eligible for the 20% qualified business income (QBI) deduction. For the 2026 tax year, this could save you up to $10,000 in taxes if you earn $50,000 in net income from your freelance work. To qualify, you'll need to file Form 8995 or Form 8995-A with your tax return. You can also deduct business expenses on Schedule C, such as home office expenses, equipment, and travel costs. For example, if you use 30% of your home for business, you can deduct 30% of your rent or mortgage interest as a business expense. Try our Home Office Deduction Calculator at taxorly.com/home-office-calculator.

⚠️ Consult a CPA for personalized advice.