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Vehicle Expenses

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Standard mileage rate for 2026: $0.70/mile

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Home Office

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Simplified method: $5/sq ft (max 300 sq ft = $1,500)

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Equipment & Supplies

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💿

Software & Subscriptions

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📱

Phone & Internet

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📚

Professional Development

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📢

Marketing & Advertising

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🛡️

Insurance & Services

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✈️

Meals & Travel

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50% deductible for business meals

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Other Business Expenses

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Deduction Summary

Vehicle Expenses $0
Home Office $0
Equipment & Supplies $0
Software & Subscriptions $0
Phone & Internet $0
Professional Development $0
Marketing $0
Insurance & Services $0
Meals & Travel $0
Other Expenses $0

Total Annual Deductions

$0

Estimated Tax Savings

$0

Based on 30% effective tax rate