Seven deductions freelancers miss most often

Some of the biggest deductions are not on Schedule C at all, so bookkeeping apps that only look at expenses never show them.

• Half of your self-employment tax.

• Self-employed health insurance premiums.

• SEP-IRA or solo 401(k) contributions.

• The home office, even for renters.

• Business share of your phone and internet.

• Software, subscriptions and online courses tied to your work.

• Bank and payment processing fees.