As the 2024 tax season approaches, we’ve crafted a detailed checklist to assist you in identifying and tracking your deductions throughout the year, and it’s versatile enough to be utilized again next year. For self-employed therapists, either operating in private practice or affiliated with an agency, maintaining a record of your expenditures is vital for financial savings.

The cost of being an exceptional therapist can be substantial, and overlooking qualified deductions could lead to lost savings. The key to successful tax preparation is organizing deductible items and preserving receipts, though it might seem daunting. To capture all potential tax benefits, it’s crucial to conduct a comprehensive review of your business expenses. Begin by utilizing this checklist, store your documents in a binder, folder, or other organizational tools, and transform tax season from a period of dread to an efficient task.