The deductions for a self-employed are almost unlimited. Self-employed individual who works out of their home have the ability to deduct virtually all of their business mileage and use of his automobile or truck and related expenses to the business. You may even take a portion of your home as depreciation if in fact your office is located there. If we assume for the moment that your office represents 15% of the square footage of your personal residence, then you can also take 15% of the deductions attributable to the house such as heating, cooling, etc. To make this work properly, you should have a separate space in your home assuming you're using your home adn things such as your business phone and expenses directly related to the 15% would be fully deductible. Try to get your hands on a federal form schedule C and this will provide you with a list of the most obvious deductions and a least will get you started in the right direction. May I also suggest that if you're considering becoming a self-employed individual, consider sitting down with the CPA or EA (after tax season) to get a clearer picture of what you can and cannot do. I hope this helps and good luck
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