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TIL my yearly Adobe subscription counts as a business expense deduction
I've been paying $600 a year for Creative Cloud and never thought to deduct it until a friend casually mentioned it last week. Turns out, if you're a freelancer using it for client work, it's fully deductible. I wish I'd known this two years ago because that's over $1,200 I could have saved on taxes. I already use it for every single design job, so it's not like it was a stretch. Has anyone else missed obvious deductions like software subscriptions before?
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henry_anderson547d ago
Wow, @lisas78 that part about the desk setup caught me off guard. I had no idea regular employees couldn't deduct those things anymore, that really is a shame for remote workers.
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morganl719d ago
Yeah, and it's not just software either. I've seen people miss stuff like cloud storage subscriptions, domain renewals, even a portion of their internet bill if they work from home. The IRS is actually pretty generous about what counts as a necessary expense. Things like a second monitor, a drawing tablet, ergonomic chair - all deductible if you use them for work. Thats how I finally justified buying a proper desk setup last year instead of working off a kitchen table.
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Oh, hold on there, I gotta jump in on something. That desk setup you mentioned, like an ergonomic chair or a second monitor, that stuff is actually only deductible if you're self-employed or a freelancer. If you're a regular employee working from home, the IRS changed the rules a few years back. They don't let you claim those things anymore unless you're running your own business. I almost made that mistake myself a couple tax seasons ago when I tried to write off a new standing desk. It's a bummer because I feel like a lot of remote workers still think they can do it. Definitely worth double checking if you're filing as an employee versus self-employed before you start deducting stuff.
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