22 Tax Write-Offs for Freelance Medical Billers & Coders
As a medical billing expert, you know that people don’t want to pay more than they have to. But what about when it comes to your own bills? Did you know you can save significantly off your taxes just by claiming the business purchases you need to make to do your job?
Just like medical practices itemize their expenses, you can itemize the type of expenses you face every day. And with our guide to the best write-offs for medical billers and coders, you won’t even need to call a billing department to get your savings!
Schedule C, Box 27a
Educational courses and certifications to enhance your skills are considered tax write-offs.
Schedule C, Box 18
Deduct anything you buy for your office, like pens, binders, folders, printer ink, or a whiteboard.
Schedule C, Box 27a
Reference books you use for research or to hone your industry knowledge are write-offs.
Schedule C, Box 18
Envelopes, stamps, and other postage fees supplies (plus fees!) for your business are deductible.
Schedule C, Box 18
Software you use for invoicing, tracking expenses, creating timesheets, and so on is deductible.
Schedule C, Box 27a
If buy a phone or laptop and use it for work, it's partially deductible.
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As a medical billing specialist, you may need to drive to meet clients, drop off official letters at the post office, or pick up office supplies. Luckily, a portion of your car expenses, such as gas or insurance, can be claimed on your taxes!
Schedule C, Box 27a
Parking for a meeting downtown, or any other work trip, is tax-deductible!
Schedule C, Box 27a
A toll while driving to or from a work destination is tax-deductible!
Schedule C, Box 13
If you buy a new car, you can write off part of the cost every year for five years.
Schedule C, Box 22
Flashlights, tire iron, duct tape, and other tools you may need in your vehicle are deductible.
Schedule C, Box 15
Car insurance monthly fees, registration, even roadside assistance are partially deductible.
Schedule C, Box 9
Oil changes, repairs, and regular checkups are all tax-deductible if you drive for work.
Grabbing lunch to chat about medical billing techniques with fellow medical coders, insurance agents, or healthcare providers is a business expense you can write off. This includes both food and drinks!
Schedule C, Box 24b
If you discuss work with a coworker, mentor, client, or prospective client, it's a write-off!
Travel expenses, like flying to an out-of-state industry conference or staying in a hotel for a networking event in another city, can all be written off on your Schedule C.
Schedule C, Box 24a
Planes, trains, and car rentals are all work-related travel costs that can be written off.
Schedule C, Box 24a
When you travel for work, lodging expenses such as hotel rooms or Airbnb are write offs.
Schedule C, Box 24a
When you're traveling for work, all meals are tax-deductible. Even takeout!
If you regularly work from home, you can deduct home office-related expenses. That includes attending virtual meetings or organizing client paperwork from a designated office space.
Schedule C, Box 18
A desk, chairs, lamps, and other home office necessities are all tax write-offs.
Schedule C, Box 21
You can write off up to $2,500 for individual repairs to your property.
Form 8829
Gotta keep the lights on in your home office! A portion of your electricity bill counts.
Form 8829
Whether it's rental or homeowners insurance, you can write off a portion through your home office deduction.
Form 8829
It'd be hard to work in an office without running water, huh? You water bill counts.
Schedule C, Box 25
Your Comcast bill is a tax write-off. You need internet to do your job!
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