- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
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.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎February 16, 2021
5:46 PM