What expenses can you deduct on Schedule C?
You can deduct any ordinary and necessary business expense on Schedule C. This includes advertising, vehicle expenses, home office, supplies, professional services, insurance, travel, meals (50%), phone and internet, software subscriptions, education, and depreciation on equipment. The expense must be directly related to your business and properly documented. For 2026, the IRS standard mileage rate is 72.5 cents per mile, and the simplified home office deduction is $5 per square foot (up to 300 sq ft).