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For the Wabash Valley’s self-employed workers, failing to keep up with estimated tax payments and deductions can lead to more ...
16 Tax Deductions and Benefits for the Self-Employed. Expenses like a home office, ... Calculate the deduction using the Self-Employed Health Insurance Deduction Worksheet in IRS Publication 535.
Starting a side hustle can be exciting and rewarding, but it’s vital to stay on top of your tax responsibilities from the ...
Yes, you can deduct self-employment tax as a business expense. It's actually one of the most common self-employment tax deductions. The self-employment tax rate is 15.3% of net earnings.
The good news, however, is that the IRS "treats the employer portion of the self-employment tax as a business expense and allows you to deduct it accordingly," said Investopedia. 3.
PORTLAND, Ore.--(BUSINESS WIRE)--Expensify, Inc. (Nasdaq: EXFY), the financial management superapp for expenses and corporate cards, today announced that expense tracking for self-employed ...
Given the current frosty weather, this could save self-employed folk a sizeable amount on their tax-return, but home-workers need to submit their tax-return by the January 31 to benefit from this ...