Tax Deductions for Therapists: A Complete Guide
Learn which tax deductions therapists may qualify for, including business expenses, home office costs, professional fees, travel, and other practice-related expenses.
Sep 9, 202610 minutes
Back to Articles & Features
Articles for Private & Group Practice Owners
Accounting, tax planning, and financial guidance for your practice.
Year-End Financial Planning for Private Practice Owners
Plan year-end finances for your private practice with guidance on taxes, deductions, retirement, cash flow, spending, and financial goals for the year ahead.
Sep 3, 202610 minutes
Retirement Planning for Therapists
Learn about retirement planning for therapists, including savings goals, retirement plan options, tax benefits, contribution limits, and annual reviews.
Sep 2, 202610 minutes
How Many Clients Do Therapists Have
Learn how many clients therapists typically see, what affects caseload size, and how workload, cancellations, revenue, and practice type shape the numbers.
Sep 2, 202610 minutes
Can Therapists Write Off Pro Bono Work?
Can therapists write off pro bono work? Learn what the IRS allows, which expenses may qualify, and what you cannot deduct for free therapy.
Aug 31, 202610 minutes
How to Pay Yourself in Private Practice
Learn how to pay yourself in private practice based on your business structure, profit, taxes, cash flow, and owner compensation method.
Aug 29, 20265 minutes
How to Grow Your Income as a Psychologist
Learn how to grow your income as a psychologist by improving profit, expanding services, adding scalable income, and planning for taxes and growth.
Aug 29, 20263 minutes
How to Start a Psychology Practice
Learn how to start a private practice in psychology with guidance on licensing, business structure, finances, compliance, bookkeeping, taxes, and growth.
Aug 23, 202610 minutes
How Much Do Online Therapists Make?
Learn how much online therapists make, what affects their income, and how salary, private practice revenue, expenses, and taxes compare
Aug 16, 202610 minutes
LLC vs. S-Corp for Therapists & Psychologists: A CPA’s Guide to Practice Entity Choice
Compare LLC vs. S-Corp for therapists and psychologists with CPA guidance on taxes, liability, and choosing the right entity for your practice.
Jun 17, 202610 minutes
Estimated Taxes for Therapists: A Simpler System from a CPA Who Specializes in Private Practices
The conventional way of paying estimated taxes fails private practice owners. Here’s the simpler system our CPA firm uses to save therapists time and stress.
Mar 24, 202610 minutes
Bookkeeping for Therapists: What Your CPA Wants You to Know
A CPA for therapists breaks down what good bookkeeping looks like, the most common mistakes, and how to set your books up the right way.
Mar 20, 20268 minutes
Private Practice Accounting: What Therapists Should Know
Starting a therapy practice makes you a business owner with real financial responsibilities. Learn what you need to know to stay on top of it all.
Mar 8, 202610 minutes
Can You Get a Tax Deduction for Interest Paid on a New Car Loan?
Bought a car in 2025? The One Big Beautiful Bill Act includes a new deduction for car loan interest that could save you thousands. See if you qualify.
Jan 26, 202610 minutes
Major Federal Tax Changes for 2025: What Individual Taxpayers Should Know
Beginning with the 2025 tax year, several federal tax changes take effect under the One Big Beautiful Bill Act (OBBBA). Some of these provisions introduce new deductions, others modify long-standing rules, and many are temporary. This article focuses on the provisions most relevant to individual Form 1040 filers.
Jan 25, 202610 minutes