you can deduct any work-related expenses you spend on business-related items such as cell phones, Internet service, software, and office supplies. You may also be able to benefit from self employment tax write off some home office expenses.
Don’t let the thought of tax filing your self-employment tax gets you down – it’s actually easier than you think. Here are 7 simple steps to make sure your hard-earned money is going exactly where it needs to go.
Tax can be stressful for truck drivers filing tax when figuring out the best way to write off meals, miles and everything in between
Computers grace our homes, offices, and classrooms, but can it be have tax deduction benefits from your 2023 taxes? The answer is yes!
For many freelancers and small business owners, there is a common misconception that lunch must include fancy things like white tablecloths and French waitpersons in order to be eligible for a tax deduction. This is simply not true
Instead of stuffing their wallets and glove compartments with paper receipts for tax, 1099 contractors and freelancers we can now experience a sense of liberation. Keeping track of these paper receipts is no longer necessary.
The tax year 2022, which applies to returns filed in 2023, brings with it up-to-date information regarding the Mortgage Interest Deduction. This deduction allows homeowners to significantly reduce
As a small business owner, it is vital to ensure you take every measure available to reduce your small business taxation.
This tax season brings several tax changes for 2023 to the standard deductions and tax breaks available. Most notably, many of the pandemic-era credits have expired.
When filing taxes, it is fundamental to accurately calculate crypto gains or losses. Two elements play a major role in this: the holding period and realized profits or losses. It is, therefore, essential to understand these two components when computing your crypto tax.
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