25 Tax Write-Offs for Self-Employed Athletes
NAICS business codeYour NAICS business code is a six-digit string of numbers that shows the type of work your business does. NAICS stands for North American Industry Classification System. When you do your taxes, you'll enter it in Box B of your Schedule C.711210
Reviewed bySabrina Wiechart, CPASabrina is a Certified Public Accountant (CPA) with over 15 years of experience in tax preparation, planning, and S-Corp compliance. She holds a Master’s in Accounting and specializes in helping self-employed individuals make smart tax decisions. Sabrina is passionate about simplifying the S-Corp process and making sure every client keeps more of what they earn.Your body is a temple, but what about your wallet? Too many athletes ignore the savings they can write off on their taxes, not realizing that bench pressing their deductions will boost their financial gains. From coaching fees to gym memberships and beyond, any business-related purchases you make as an independent athlete can save you money come tax time.
Not sure where to start? Don’t sweat! We’ve compiled the best list of write-offs for athletes, so you can set a new personal best on your tax bill.
If you need to get your uniform professionally dry cleaned, you can write it off.
Pay for your own uniforms? Be sure to write them off. That goes for your required practice kit too.
You can write off balls, nets, shoes, and more, as long as you use them for work.
Professional memberships, union dues, and other fees are tax-deductible.
If you have an agent represent you, write off their fees or commissions.
Fees you pay a coach, personal trainer, or training program to sharpen your competitive performance are deductible.
Gym and training-facility fees are deductible when tied to your competitive training — only the business-use portion counts, not general personal fitness.
Sessions with a sports psychologist or mental-performance coach that support your competitive career are deductible.
Software or services you use to review game film and analyze your performance are deductible.
If you drive for work ...
If you drive for work, make tax time a home run by remembering to deduct car expenses. This doesn't include driving to and from work itself, but it might include:
Driving to a match or practice session
Meeting with a coach
Picking up sports gear
Parking for a meeting downtown, or any other work trip, is tax-deductible!
A toll while driving to or from a work destination is tax-deductible!
If you buy a new car, you can write off part of the cost every year for five years.
Flashlights, tire iron, duct tape, and other tools you may need in your vehicle are deductible.
Car insurance monthly fees, registration, even roadside assistance are partially deductible.
Oil changes, repairs, and regular checkups are all tax-deductible if you drive for work.
If you discuss work at a restaurant ...
The IRS can be a good sport when it comes to business meals. If you grab a meal or drink with a fellow athlete, coach, scout, lawyer, or journalist to talk about work, you can write the cost off as a business expense.
If you discuss work with a coworker, mentor, client, or prospective client, it's a write-off!
If you leave town for work ...
If you have to travel for work to attend an out-of-town game or industry conference, or to make a PR appearance, feel free to deduct your travel expenses.
Planes, trains, and car rentals are all work-related travel costs that can be written off.
When you travel for work, lodging expenses such as hotel rooms or Airbnb are write-offs.
When you're traveling for work, all meals are tax-deductible. Even takeout!
If you work from home ...
As an athlete, a lot of your work happens off the field, such as exercising, managing finances and paperwork, working on branding, or conducting industry research. If you do these things from a designated workspace at home, you can write off home office expenses.
A desk, chairs, lamps, and other home office necessities are all tax write-offs.
You can write off up to $2,500 for individual repairs to your property.
Gotta keep the lights on in your home office! A portion of your electricity bill counts.
Whether it's rental or homeowners insurance, you can write off a portion through your home office deduction.
It'd be hard to work in an office without running water, huh? Your water bill counts.
Your Comcast bill is a tax write-off. You need internet to do your job!
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