1. Owning 確定申告 節税方法 問い合わせ involves chasing revenue, yet also hunting for deductions that retain more of your earnings. Provisions in the tax code enable self‑employed professionals and sole proprietors to reduce taxable income, though navigating them can be tricky.
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3. 1. Home Office Deductions
4. • A specific area of your home used exclusively for business lets you deduct portions of rent, mortgage interest, utilities, insurance, and depreciation. The simplified method offers $5 per square foot, capped at 300 sq ft.
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6. • Using a line for both personal and business purposes requires allocating costs based on business usage. Keep detailed logs or bills that show the split.
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8. 2. Vehicle‑Related Deductions
9. • Pick the method that maximizes your deduction. In 2024, the standard rate is 65.5 cents per mile. If you keep a mileage log, you can claim 65.5 cents per mile plus mileage for specific business trips.
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11. • Parking & Tolls are deductible regardless of mileage method.
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13. • Keep receipts for oil changes, tire replacements, and other business‑related maintenance.
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15. 3. Business Supplies and Equipment
16. • You can expense the full purchase price of eligible equipment up to $1,160,200 for 2024, subject to a phase‑out threshold of $2,890,300.
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18. • If items exceed Section 179 limits or cannot be immediately expensed, apply MACRS depreciation schedules.
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20. • Monthly or yearly fees for software like Adobe Creative Cloud, QuickBooks, or industry‑specific tools are fully deductible.
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22. 4. Professional Fee Deductions
23. • Any expense related to business setup, tax return prep, or tax strategy consulting is deductible.
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25. • Renewal costs for professional licenses, state permits, or local business permits qualify as ordinary and necessary expenses.
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27. 5. Health Insurance Premiums
28. • You can deduct 100% of premiums paid for medical, dental, and qualified long‑term care insurance for yourself, your spouse, and dependents. The deduction is taken on Form 1040, not subject to the 7.5% AGI threshold.
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30. 6. Retirement Contributions
31. • Increase contributions to cut taxable income. In 2024, solo 401(k) employee contribution limit stands at $22,500, plus a $7,500 catch‑up for those 50+. Employer contributions can be up to 25% of net earnings. SEP IRA contributions may reach 25% of net earnings, up to $66,000.
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33. 7. Dining & Entertainment Deductions
34. • If directly related to your business, meals with clients, employees, or partners are 50% deductible. Record date, amount, and purpose in a log.
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36. • Business travel meals are likewise 50% deductible. Documents should include the destination, purpose, and attendees.
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38. 8. Lodging & Travel Deductions
39. • When driving to a client meeting, apply mileage. For lodging, retain hotel receipts.
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41. • Registration fees, materials, and travel costs are fully deductible as education expenses that enhance your professional skills.
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43. 9. Continuing Education
44. • Trade‑related courses that maintain or improve skills are deductible ordinary expenses.
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46. • Coursera, Udemy, or industry‑specific certification platforms qualify. Keep invoices or receipts.
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48. 10. Utilities & Rent Deductions
49. • Business‑used water, electricity, heating, and cable are proportionally deductible.
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51. • Full rent for rented office space is deductible. For a home office, use the home office percentage method.
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53. 11. Business Coverage Expenses
54. • Business‑protective coverage premiums are fully deductible.
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56. • If you insure equipment or inventory, those premiums count as business expenses.
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58. 12. Bad Debts
59. • When a client remains unpaid after diligent efforts, you can claim a bad debt deduction per Section 165. Keep records of collection attempts.
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61. 13. Facility Expenses
62. • Rent, utilities, repairs, and maintenance are all ordinary and necessary expenses.
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64. • Significant renovations qualify for depreciation; minor repairs are deductible in the year incurred.
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66. 14. Business Tax Expenses
67. • You can deduct sales tax paid on business purchases.
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69. • Franchise and excise taxes, when applicable, are deductible.
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71. • They are deductible as ordinary expenses.
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73. 15. Accounting Tips
74. • Having separate business and personal accounts eases tracking.
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76. • Apps can scan and store receipts.
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78. • Monthly bookkeeping reviews help avoid year‑end surprises and uncover missed deductions.
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80. 16. Timing Matters
81. • If you expect a tax liability over $1,000, make quarterly estimated tax payments to avoid penalties.
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83. • Accelerate deductible expenses, like prepaying insurance or buying equipment, before December 31 to reduce taxable income.
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85. 17. Consult a Tax Professional
86. • A CPA or tax advisor can help you structure deductions, manage record‑keeping, and prepare for audits.
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88. • Because tax laws change, a professional can update you on new deductions or limits.
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90. By rigorously applying these deduction strategies, self‑employed professionals and sole proprietors can significantly reduce their taxable income while maintaining compliance. The key is consistent record‑keeping, understanding the nuances of each deduction category, and staying proactive throughout the year. With this knowledge, you’ll be better positioned to retain more of your hard‑earned profits.
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