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

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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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Ask.com Answer for: Common Self Employed Tax Deductions
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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Self-employment tax is when a person is working for themselves and a tax is imposed on the self-employed individual. Everyone must pay taxes.
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