If you are an independent contractor, it is very important to track your Schedule-C expenses throughout the year so as to minimize the amount you owe in taxes. Many online jobs are not tax efficient because they don't require that you drive to your clients. However, here are some deductions you can take even if you work from home (https://www.irs.gov/forms-pubs/about-schedule-c-form-1040).

  • Advertising

  • Contract Labor

  • Mortgage Interest

  • Professional Services

  • Office Expenses

  • Equipment

  • Travel for training

  • Utilities