The Tax Deductions Cheatsheet For Therapists
Just in time for taxes, we put together a handy checklist to track your deductions for the year- reusable for next year too! It’s so important for self-employed therapists, whether in private practice or contracted through an agency, to keep track of expenses that will save you money.
Being a great therapist is expensive! However, failing to recognize eligible deductions could result in missed opportunities. Organization of what’s deductible and keeping receipts can be such a headache! To ensure that all potential tax deductions are accounted for, it is recommended that you thoroughly review all business expenses and start tracking and retaining receipts. Use this tool as a start, keep a binder, folder, or other storage tools, and finally, stop dreading tax time when it rolls around!