Deducting Vehicle Expenses as a Therapist: Mileage vs. Actual Expenses in 2026 If you own a private therapy practice, you probably drive for your business more often than you realize…and the information about how you can deduct your vehicle or mileage on your tax return, is confusing. This article will clear up any misconceptions about
Can therapists deduct their own therapy on their taxes? It’s one of the most common tax questions private practice owners ask: since my own therapy makes me a better therapist, can I deduct it as a business expense? It’s a fair question. Many therapists are encouraged, or even required, to participate in their own therapy
This therapy practice year-end tax checklist is designed to help private practice owners close out the year without leaving deductions, retirement opportunities, or bookkeeping problems on the table. December gets busy fast when you own a therapy practice. You’re managing clients around the holidays, handling cancellations, trying to take some time off, wrapping up documentation,
Therapy Practice Year-End Tax Checklist for 2026 Read More »
The home office deduction for therapists is another deduction that has incredible nuance and can be hard to decipher. This 2026 home office deduction for therapist guides answers the most common questions we get about the deduction, the rules, what qualifies, the different expense methods, the common mistakes that are made & record keeping tips.
Home Office Deduction for Therapists in 2026: Everything You Need to Know Read More »
Updated October 2026 · By Mark Schwarz · Reviewed by WellnessFi’s tax team Continuing education is part of the job when you’re a therapist, and so is the bill for it. If you own your practice, a CEU tax deduction can cover far more than the course fee: certifications like EMDR and Gottman, books, consultation
Are CEUs and Therapy Certifications Tax Deductible? Read More »
Updated October 2026 · By Mark Schwarz · Reviewed by WellnessFi’s tax team If your practice is an S-corp, some of your business costs probably come out of your personal account: the room you see telehealth clients in, your cell phone, the drive to a supervision group. An accountable plan lets your practice pay you
S-Corp Accountable Plan for Therapists, With a Free Template Read More »
You’re a therapist in private practice and you’ve been hearing other practice owners talk about becoming an S-Corp. What does it mean, and might it be for you? It’s a real strategy, it saves real money, and for many therapists, it’s one of the biggest financial decisions they’ll make for their practice. But it’s also
LLC vs. S-Corp for Therapists: Which Entity Saves You More Money? Read More »
Some tax situations require an original “wet” signature instead of electronic filing. This typically occurs when: Why You Must Sign It Yourself The IRS requires your personal signature on these documents. As your tax preparer, we cannot sign on your behalf – this ensures legal compliance and protects both you and our practice from potential
