If you work from home full time as a freelancer or independent contractor, you may be eligible for a range of tax deductions not available to traditionally employed people.

Here are five of the main ones that can help you save on your taxes.

This is applicable if you are running a business out of your home or are telecommuting - that is, working for a company but not actually in their physical location.

If your home office is used exclusively and regularly for business purposes, you may be able to deduct a portion of your home-related expenses, such as mortgage interest, property taxes, homeowners insurance and some utilities.

Make sure that the space is used exclusively for business and does not double as the 

family game room when you are not working. An Internal Revenue Service (IRS) assessor will come to examine the workspace and determine what percent you can deduct based on what they find.

Learn more here: https://www.irs.gov/businesses/small-businesses-self-employed/home-office-deduction

If you use your own car for business travel, or pay for meals and accommodation out of your own pocket (such as when you need to visit your companyís home office or go see clients), these expenses might qualify for a tax deduction. Keep all receipts and categorize them, such as food, transport and so on. Note that you must have actual receipts, not just credit card statements.

You can also only claim amounts that are not covered by your employerís reimbursement policy. For example, if they only give you a hotel stipend of $50 but your accommodation costs $100, you can claim the other $50 on your taxes.

For car mileage, keep a log in the car if you can, and also track things like oil changes and maintenance.

In the 2020 tax year, the standard deduction for a single person in the US is $12,400 and for head of household it was $18,500. If all your expenses will be less than those amounts, depending on which is applicable to your situation, thereís no advantage in itemizing all your receipts.

These workers are eligible for many of the same deductions, and subject to the same record-keeping requirements as employed workers and telecommuters. Self-employment income and expenses are recorded on Schedule C of your tax return.

In this case, the full amount of eligible expenses can be used, with no 2% minimum to claim the expense.

If you earn more than $400 net income in a single year, you have to pay self-employment taxes in addition to income tax. The IRS uses a pay-as-you-go system for self-employment tax, so try to discipline yourself to send them estimated tax payments throughout the year, such as every quarter, so you donít get hit with a huge tax bill at filing time.