Tax Deduction Finder

Input

Situation

Self-employed graphic designer working from a dedicated home office (about 12% of my apartment). Income $78K from 1099 clients. I bought a $2,400 laptop, pay for Adobe and Figma, drive to occasional client meetings, and pay for my own health insurance.

Filing Status

business

Country

us

Output (excerpt)

Potential Deductions (US, Self-Employed). 1) Home office: ~12% of rent, utilities, and renters insurance (simplified method also available at $5/sq ft). 2) Equipment: $2,400 laptop — Section 179 immediate expensing. 3) Software: Adobe + Figma fully deductible. 4) Mileage: client-meeting miles at the IRS standard rate. 5) Self-employed health insurance premiums (above-the-line). 6) Half of self-employment tax. 7) QBI deduction up to 20% of net business income. Keep receipts and a mileage log.

Input

Situation

Sole trader running a small online craft shop in the UK. Turnover £45K. I work from home, buy materials and packaging, pay for Etsy and Shopify fees, use my car for post office runs, and pay for a business phone line.

Filing Status

business

Country

uk

Output (excerpt)

Allowable Expenses (UK Sole Trader). Cost of goods: materials, packaging, and postage are fully allowable. Platform fees: Etsy and Shopify subscriptions/commissions. Use of home: simplified flat rate (£10–£26/month by hours) or a proportion of actual costs. Travel: business mileage at HMRC rates (45p/mile first 10,000 miles). Phone: business-use portion of your line. Also consider the £1,000 trading allowance comparison. Record everything for your Self Assessment.

Input

Situation

Full-time employed software developer in Canada working remotely. My employer signed a T2200 form. I have a dedicated home workspace, pay for internet, a portion of utilities, and bought an ergonomic chair and monitor.

Filing Status

single

Country

canada

Output (excerpt)

Employment Deductions (Canada, Remote). With a signed T2200, you can claim work-space-in-the-home expenses using the detailed method: a reasonable portion (by area/use) of rent, utilities, internet, and maintenance. Note: salaried employees generally cannot deduct furniture (the chair/monitor) as capital items, but supplies consumed for work may qualify. Keep the T2200, receipts, and a calculation of your workspace percentage for your T1 return.