Let me ask…
- Are you a health coach?
- Do you work for yourself? and
- Are you looking for clarity on health coach tax deductions?
If you just said ‘Yes,’ then keep reading because you’re in the right place!
Over the years, I’ve worked with quite a few health coaches to improve their money mindset and get their tax situation under control. Today, I thought it’d be fun to share all the great health coach tax deductions in one succinct list.
Here’s the complete list for Health Coach tax deductions:
- Your blog theme and purchased plug-ins
- Your hosting (such as BlueHost)
- Your domain
- Any web design services or maintenance
- Professional photography for promotional materials
- Professional videography for promotional materials or training you offer clients
- Professional conferences and workshops admission (local and far)
- Training, certifications, and continuing education fees
- Lodging, transportation & travel costs to professional events *
- Professional styling (if needed for professional videos) *
- Graphic design
- Purchased fonts and stock photography
- Food (for hosted gatherings, as props, etc.)*
- Professional dues & subscriptions
- Editing of photos and/or videography *
- Content writers and collaborators
- Virtual assistants
- 1099 subcontractor staff
- Payroll processing (For clarity on how to pay yourself, read here. If you need a payroll processing recommendation, try Gusto.)
- Professional e-courses that will elevate your skills for running and growing your business
- Giveaways *
- Materials for photos & film shoots (job materials) *
- Legal fees (either to a professional or for legal templates)
- Gym membership (make sure you read more here about this) *
- Bookkeeping software (such as QuickBooks Online or FreshBooks)
- +27 more health coach tax deductions (download your beautiful, free checklist to get access to these 27 additional deductions below)
To get the complete tax deduction list with 27 more health coach tax deductions, make sure you download your free checklist here:
Now, pay attention to the fact that certain things are NOT included on this list…
Things like meal supplements, diet drinks, and shakes? Not on the list. Fitness equipment? Doesn’t appear either. (At least, not if you personally use these items yourself–if we’re talking about something only your clients use, then that’s a different story.)
The Internal Revenue Code explicitly lays out that deductions for personal, living & family expenses aren’t allowed as a business deduction.
So if you sell inventory of meal supplements or diet drinks, sure that’s a tax deduction. But if you consume these products and try to deduct it? Nope (this has been well documented in tax court).
Also, you may be wondering “Hold up! What’s with all the asterisks on this list?”
I am so glad you asked! I marked several health coach tax deductions with an asterisk to give you a visual clue that they’re more complex and that taking them is going to require a little extra work on your part.
Spending a little extra time on these deductions can pay off quite a bit this year, but it’ll also pay off for every year to come. 🙂 So if you choose to claim these special deductions, make sure you:
- Understand all the legal requirements of the deduction and how that pertains to your specific business, and,
- Keep specific records to ensure that this deduction will hold up during an audit.
If you have specific questions about these your health coach tax deductions or need help figuring out your specific tax situation, I offer 30-minute & 1-hour consults to help you get the clarity and information you need and would be honored to help you!
Over to you:
Anything surprise you in this list? Are you a health coach with questions about health coach tax deductions and business expenses? Share below!