What Are Some Common Tax Deductions for the Self-Employed?


When calculating your taxable income from your business, you are allowed by the IRS to write off the costs that you incur while running your business. These costs can including advertising, insurance for your business, transportation expenses and
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Tax Deductions and Credits
Tax credits directly cut taxes while deductions and exemptions reduce taxable income. Income adjustments are additional deductions that do not require itemizing.
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