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Consultant Tax Deductions 2026

Every deduction the IRS allows for your profession. Tracking these expenses could save you between $5,000 and $15,000 this year.

Professional & Tools

Project management tools

$240 / yr
100% Deductible

CRM software

$600 / yr
100% Deductible

Video conferencing (Zoom Pro)

$180 / yr
100% Deductible

Research databases

annual
100% Deductible

Analytics & reporting tools

annual
100% Deductible
Travel & Entertainment

Business flights & hotels

variable
100% Deductible

Client meals (50% deductible)

variable
50% Deductible

Mileage to client sites

variable

$0.67/mile

Conference attendance

$2,000 / yr
100% Deductible
Education & Credentials

Professional certifications

$1,000 / yr
100% Deductible

Industry publications

$500 / yr
100% Deductible

Executive education / MBA courses

variable
100% Deductible
High-Value Deductions

SEP-IRA or Solo 401(k)

annual
100% Deductible

Up to $69,000/year

S-Corp salary setup (saves SE tax)

annual

Saves 15.3% on distributions

Health insurance 100% deduction

annual
100% Deductible

Estimated Annual Savings

$5,000 – $15,000

Based on an average consultant income of $75,000 in the 22% tax bracket.