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What Can Personal Trainers Write Off On Their Taxes?

What Can Personal Trainers Write Off On Their Taxes?

Posted by We Sell Mats on Apr 14th 2022

As a personal trainer or gym owner, you’re always looking for ways to save money and reduce your tax burden. Well, did you know there are a number of things you can write off on your taxes? In this blog post, we’ll look at what’s considered a small business tax write-off for personal trainers and other professionals in the fitness industry. So, whether you’re preparing to file your taxes for the first time or are just looking to make sure you take advantage of all the deductions available to you, read on to learn what personal training business expenses you can deduct from your taxes.

What Can a Personal Trainer Write Off on Their Taxes?

There are so many things considered a small business tax write-off, and we’ll dive into them in a second. However, it’s important to note that you must itemize these deductions on your return to benefit from them. Keep detailed records of all business expenses by saving receipts associated with purchases throughout the year. You should also consult with a tax professional to ensure you’re taking advantage of all the deductions available to you. With a bit of planning, you can maximize your deductions and keep more of your hard-earned money. So, what can a personal trainer write off on their taxes?

14 Common Small Business Tax Write-Off Items for Personal Trainers and Gym Owners

  1. Business Start-Up Costs for Your Gym or Personal Training Company. This includes any cost you pay or incur before your business begins.
  2. Fitness Equipment. This includes but is not limited to free weights, treadmills, weight machines, exercise mats, sound systems, workout DVDs and music, exercise videos, streaming services, and fitness applications. For example, any workout equipment you purchase for your business from We Sell Mats™ can be considered a small business tax write-off. Need gymnastics mats for your gym? Tax write-off. Need new fitness flooring for your client training area? Tax write-off. You get the point – any fitness equipment you purchase can be tax-deductible, and you can find the highest-quality flooring and mats when you shop with us!
  3. Workout Gear and Clothing. You can count any gear you use exclusively to train clients as a small business tax write-off.
  4. Home Office Expenses and Utilities. If you conduct business at a home office, you may be able to write off a portion of your rent or mortgage, as well as utilities, including internet as part of your fitness business.
  5. Cell Phone Bill. If you use your cell phone to conduct business, like making client calls, recording workout videos, or marketing your business on social media, your cell phone bill and any related expenses can be considered a small business tax write-off.
  6. Business Use of a Vehicle. If you use your vehicle to drive to personal training sessions or other business-related activities, you may be able to write off the mileage and gas used for the trip.
  7. Gym Fees or Facility Rental Fees. In most cases, you can deduct the rent or mortgage of your gym or facility from your taxes.
  8. Continued Education. Any classes you take or conferences you attend to upgrade skills related to your fitness business (like your personal training certification) is eligible for a small business tax write-off.
  9. Marketing Expenses. Any money you spend on marketing efforts is deductible from your taxes, including social media ads and website costs.
  10. Business Insurance and License. If you keep your business protected with insurance and licensing, you may be able to count it as a small business tax write-off on your taxes.
  11. Business Travel Expenses. If you travel for business, you can write off all related expenses, including flights, rental cars, accommodations, food, and more.
  12. Financial Services. If you use a bookkeeping service, accountant, lawyer, or tax preparation service related to your business, these are considered business-related expenses that are eligible for deduction from your taxes.
  13. Entertainment and Meals. If you go out to eat with a client to discuss your personal training services (or something similar), you should be able to write off those meals and related entertainment.
  14. General Business Expenses. Any other expenses related to your gym or personal training business as defined by the IRS as deductible are eligible for tax write-offs.

Find Your Favorite Tax-Deductible Fitness Equipment at We Sell Mats™

The answer to “What can a personal trainer write off on their taxes?” is extensive. There are so many deductible items related to small business expenses, which is why it is so important to consult a tax professional and keep detailed records of every dollar you spend on your business. You might just get some of it back! With this in mind, you can confidently shop for all the fitness flooring, exercise mats, and other equipment you need at We Sell Mats™ used in your personal training or gym business, and count it as a small business tax write-off next year!