A Dozen Deductions for the Self|Employed

15 Self-Employment Tax Deductions to Know - NerdWallet

Your home, car, insurance, retirement savings and even your education bills could get you a tax break. Many, or all, of the products ...

A Dozen Deductions for the Self-Employed - Illinois CPA Society

The Illinois CPA Society suggests the self-employed explore these essential and sometimes overlooked deductions to help reduce their tax burden.

20 Tax Deductions for Self-Employed People - TurboTax - Intuit

If you use a portion of your home regularly and exclusively for your business, you may be able to claim the home office deduction.

A Guide to Tax Deductions for the Self-Employed - US News Money

A Guide to Tax Deductions for the Self-Employed · 1. Qualified Business Income · 2. Mileage and Vehicle Expenses · 3. Retirement Savings · 4.

The Deductible Dozen: Tax Deductions for Your Small Business

If you travel for business, you can claim expenses for lodging, transportation, and miscellaneous expenses related to being on the road. There ...

25 Small Business Tax Deductions (2025) - FreshBooks

Top 25 Small Business Tax Deductions · Date and location of the meal · The trip must be necessary to your business. · The employee is not a sole ...

16 Self-Employed Tax Deductions and Benefits - Investopedia

Your home office, car, insurance, retirement savings, and a lot more could get you a tax break. Here are the tax write-offs that you may be missing out on ...

A Dozen Deductions for Your Small Business

A Dozen Deductions for Your Small Business · 1. Home office · 2. Office supplies · 3. Furniture · 4. Other equipment · 5. Software and ...

20 Valuable Small-Business Tax Deductions - Bankrate

Bad business debt is any amount of money that you have lent to a customer, employee or supplier that you cannot regain from them. Have you made ...

Publication 529 (12/2020), Miscellaneous Deductions - IRS

If you are a qualified performing artist, you can deduct your employee business expenses as an adjustment to income rather than as a miscellaneous itemized ...

IRS highlights credits and deductions for businesses during Small ...

Business expenses · Business use of a home – If a taxpayer uses part of their home for business, part of their home expenses may be deductible.

Self Employment Tax Calculator - TaxAct

Employees who receive a W-2 only pay half of the total Social Security (6.2%) and Medicare (1.45%) taxes, while their employer is responsible for paying the ...

Tax Write-Offs Explained | Tax Deductions for the Self-Employed

Comments169 ; Mileage vs Actual Vehicle Expenses | Best Way to Write Off a Car. Keeper - File Complex Taxes Easily · 21K views ; 14 Biggest Tax ...

12 common self-employed tax deductions - Block Advisors

Your business income is not generally a deductible business expense, but payroll for your employees (W-2 employees) or contract labor (1099-NEC ...

Understanding Tax Deductions: Itemized vs. Standard Deduction

Example of a Tax Deduction · Mortgage interest: $8,000 · State and local taxes (SALT): $3,000 · Charitable contributions: $1,200 · Medical expenses (above 7.5% of ...

10 tax deductions you don't need to be wealthy to claim - CBS News

IRA deduction: If you aren't covered by a retirement plan at work or through your self-employment and you have income from earnings, you can ...

Travel Write-offs for the Self Employed (What Can I Write-Off)

Yet, when it comes to deducting that business travel on your taxes, you may feel like you are dealing with a lot of unclear rules and gray areas ...

A Dozen Ways to Deduct Real Estate Losses

Real Estate Deduction Trick #3: Self-Rental. A related gambit works to deduct real estate losses, too. If you buy property to rent to another ...

Claim these tax deductions — even if you can't itemize - CBS News

If you were self-employed last year and earned a net profit, you'll owe a 15.3 percent self-employment tax on the adjusted amount of this profit ...

The 2019 IRS “Dirty Dozen” Tax Scams #7: Overstating Deductions

The IRS warns taxpayers not to overstate their tax deductions in this year's IRS Dirty Dozen Tax Scams list.