**Tax-Saving Strategies for Freelancers**

1. **Deduct Home Office Expenses**
If you use a portion of your home exclusively for business purposes, you can claim a home office deduction. This includes a portion of your rent or mortgage, utilities, and maintenance costs.

2. **Track and Deduct Business Expenses**
Keep detailed records of all business-related expenses, such as office supplies, software subscriptions, advertising, and travel costs. These expenses can be deducted to lower your taxable income.

3. **Contribute to a Retirement Plan**
Consider contributing to a retirement plan, such as a SEP IRA or Solo 401(k). Contributions are tax-deductible and can significantly reduce your taxable income while preparing for your future.

4. **Claim Self-Employment Tax Deductions**
Freelancers are required to pay self-employment taxes, but you can deduct the employer-equivalent portion of your self-employment tax when calculating your adjusted gross income.

5. **Use the Qualified Business Income Deduction**
If you qualify, you can deduct up to 20% of your qualified business income. Ensure you understand the rules and limitations of this deduction to maximize your tax savings.