Glossary

36 deduction strategies, indexed.

Every strategy our scanner checks for, with the code section, who it applies to, and what gets missed. Click any card for the full breakdown.

37 of 37

Self-Employed & Small Business

8 strategies
IRC §280A(c)(1)Low

Home Office Deduction

Deduct the business-use portion of your home — utilities, mortgage interest, insurance, depreciation — when a space is used regularly and exclusively for business.

Typical impact$1,200–$3,800
IRC §199AHigh

Qualified Business Income (QBI) Deduction

A 20% deduction on qualified pass-through business income, with phase-outs and SSTB rules that frequently get misapplied.

Typical impact$2,400–$18,000
IRC §179Medium

§179 Expensing Election

Immediately expense up to the §179 cap on qualifying business equipment instead of depreciating over 5–7 years.

Typical impact$1,500–$24,000
IRC §168(k)Medium

Bonus Depreciation

Accelerated first-year depreciation on qualifying property, layered with §179 to maximize current-year deduction.

Typical impact$800–$12,000
IRC §280A(g)Low

Augusta Rule (14-Day Home Rental)

Rent your personal residence to your own business for up to 14 days per year — the rental income is tax-free to you and a deductible business expense to the company.

Typical impact$2,000–$8,400
IRC §162(l)Low

Self-Employed Health Insurance

Deduct 100% of health, dental, and qualifying long-term-care premiums above the line for self-employed filers and 2% S-Corp shareholders.

Typical impact$1,800–$9,200
IRC §195Low

Startup & Organizational Costs

Deduct up to $5,000 each in startup and organizational costs in the first year of business; amortize the rest over 15 years.

Typical impact$500–$5,000
IRC §408(k) / §401(c)Medium

SEP IRA / Solo 401(k) Contributions

Self-employed retirement plans with much higher contribution limits than traditional IRAs.

Typical impact$3,000–$22,500

Your past tax returns owe you money.

Free scan. No credit card. We check for all 36 against your last three years of returns.