Are you self-employed and wondering how to maximize your tax deductions for the 2022 tax year? Here’s a look at 15 of the best tax write-offs you don’t want to miss: — Qualified business income. — ...

There are a number of deductions to keep in mind for self-employed individuals. Lisa Greene-Lewis, CPA and TurboTax tax expert, provides a guide to tax savings. Whether you are a freelancer or have ...

Are you a sole proprietor running your own small business? If so, you have to wear many hats, and one of the least enjoyable but most important ones is the tax accountant hat. It takes planning and ...

Freelancers face tricky taxes. I asked ChatGPT about common write-offs that could lower your bill — from home offices to retirement contributions.

Dawn Allcot is a full-time freelance writer, content marketing specialist and author who writes about finance, real estate, insurance, travel, small business, e-commerce and technology. Her lengthy ...

Taking on a gig job means taking on new tax responsibilities. You might not think you’re in business, but if you’re reselling items online, tutoring or pet sitting, for example, the money you make is ...

Below is our annual guide to Tax Code Section 179 for self-employed and business owners who buy a vehicle. This guide encompasses qualifying vehicles purchased in the 2023 calendar year. Tax Code 179, ...

Tax Code 179, the special deduction to write off equipment in the year purchased, was extended permanently in 2015 legislation. This has been further liberalized by the Tax Cuts and Jobs Act (TCJA) ...