As a self-employed personal trainer, you can take advantage of a variety of deductions to lower your taxes and stay in financial shape. Membership in professional organizations such as the National Commission of Certification Agencies (NCCA) can be deducted from your tax return. You can also claim your home office as a deduction, even if it's just a corner or desk used for commercial purposes. Plus, you can claim 100 percent of your health insurance premiums and almost all of your medical expenses if you have a health savings account (HSA).Educational expenses related to fitness instruction, such as continuing education courses and seminars, are also deductible.
However, expenses related to training for a new job that is not related to your fitness instructor business do not qualify. Knowing what fitness centers can offer, including coaches who can safely and knowledgeably work with patients, makes it easy for physicians who want to prescribe fitness in their comprehensive health care plan. Most gym goers come from a personal desire to improve or maintain their current state of well-being. As a personal trainer, you know the importance of keeping up with the world of fitness and nutrition. There are many business tax deductions available to freelance personal trainers that can help lower their taxes.
