Is Loom Tax Deductible? Yes — 100% Deductible as Office Expense
100%
Deductible
Line 18
Schedule C
Office expense
Category
$12.50–$17/mo
Typical cost
Loom subscriptions are fully deductible business expenses for self-employed individuals and single-member LLCs. Because Loom is an asynchronous video communication tool used for client work, project documentation, and business collaboration, the IRS treats it as a legitimate office expense. You can deduct the full monthly subscription cost ($12.50–$17) on your Schedule C.
Who qualifies?
Self-employed professionals, freelancers, independent contractors, and single-member LLC owners who use Loom for client communication, business training, or work-related video creation qualify for this deduction. You must use Loom primarily for business purposes, not personal use.
How to claim it
- 1 Step 1: Verify your usage is business-related (client communication, project demos, training videos, or team collaboration).
- 2 Step 2: Track your annual Loom subscription costs—multiply your monthly fee by 12 months or sum actual charges from your credit card or bank statements.
- 3 Step 3: On Schedule C (Form 1040), enter the total deductible amount on Line 18 (Office expense). No receipt attachment required, but keep subscription confirmation emails and payment records for 3–7 years.
Pro tip
If you purchase an annual Loom subscription (often discounted), deduct the full amount in the year paid. For monthly subscriptions, track charges in a spreadsheet to avoid missing months—many self-employed users bundle Loom with other software costs under Line 18 for easier IRS defense.
Source: IRS Publication 535: Business Expenses
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