File Taxes as Self Employed

File Taxes as Self Employed

File Taxes As Self Employed – 15 Big Deductions

It might surprise you to know that your car, truck, home, insurance, your education bills, and even retirement savings can be used to get you a big tax break if you file taxes as self employed.

Those of you who are freelancers, contractors, or maybe just own your own business, have some unique and valuable tax deductions that you can take to offset business income. Our list here is by no means all inclusive, but we’ll show you 15 that you should consider. View full post…

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How To File Taxes Self Employed

How To File Taxes Self Employed

How To File Taxes Self Employed With 3 Easy Tips

If you have a side gig as a freelancer or maybe you’re a small business owner operating as a sole proprietor, you now are or soon will be subject to self employment taxes. In case you aren’t sure what these are, we’ll show you how to file taxes self employed.

What are self employment taxes?

To begin with, it’s the social security and Medicare taxes that are assessed on the net profit of your gig or small business. If you were working for View full post…

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Doing Your Taxes Yourself

Doing Your Taxes Yourself

Does Doing Your Taxes Yourself Scare You?

There are times when going to a professional tax preparer might be a good idea, but for most individuals, doing your taxes yourself is fairly straight forward. This is especially true now and through 2025. The Tax Cuts and Jobs Act (TCJA) that was enacted in December 2017, increased the standard deduction that most of us now use.

At the same time the standard deduction was increased, the entire category for Miscellaneous deductions on Schedule A was eliminated. This, in effect, View full post…

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