Running a small business comes with a variety of unique tax benefits, and many freelance writers are considered small business owners. If you write on a contract basis, use these tax planning tips to reduce your overall tax burden. Claim the Self-Employed Health Insurance Deduction As a self-employed writer, you're entitled to the health insurance tax deduction. Distinct from the health care premium tax credit, which is a credit that helps individuals and families reduce health insurance premiums, this deduction is claimed against a business' revenue.
23 March 2020