MarilynG1
Expert Alumni

Get your taxes done using TurboTax

@fouadmkhan  Be sure to claim all your Self-Employment Expenses to offset your Self Employment Income.

 

Cell phone, vehicle expenses, health insurance, office supplies, travel, meals, etc.  There are many expenses you can deduct and actually being self-employed allows you more freedom than a W-2 employee to do so.

 

You can even contribute to a Retirement Plan for yourself as a Business Expense to lower your taxable income. 

 

Click this link for more info on Reporting Business Income and Expenses

 

This link gives info on Top Tax Write-Offs for the Self Employed.

 

 

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