What special deductions can I get if I’m self employed?

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You may be able to take an immediate expense deduction of up to $25,000 for 2014 ($500,000 in 2013), for equipment purchased for use in your business, instead of writing it off over many years. Additionally, self-employed individuals can deduct 100% of their health insurance premiums. You may also be able to establish a Keogh, SEP or SIMPLE plan and deduct your contributions (investments). – See more at: http://www.nadbookkeeping.com/taxstrategies-individuals.php?item=44&catid=27&cat=Tax%20Saving%20Strategies:%20Frequently%20Asked%20Questions#sthash.zohitzpp.dpuf

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