Understanding notary tax deductions is crucial for notaries to maximize earnings, reduce tax liability, and ensure compliance with IRS regulations. Unique to notaries, the self-employment tax exemption on notary income significantly lowers overall tax burden. Additionally, knowing which expenses are deductible—such as mileage for mobile notarizations, supplies (stamps, journals, paper, and ink), training and certification fees, bond premiums, and business insurance—helps notaries accurately track costs and retain more income. Proper record-keeping of these deductions not only prevents audits but also ensures financial clarity, allowing notaries to manage their business more effectively. By leveraging these tax benefits, notaries can enhance profitability, maintain compliance, and achieve long-term financial stability.