MinhT1
Employee Tax Expert

Deductions & credits

This is not true.

 

If you have a business, you have to deduct all allowable expenses.

 

Also if you do not deduct expenses like mileage, you will have to pay self-employment tax of 15.3% on the total income, instead of on the net income after deduction of expenses, even if your total income is less than the standard deduction.

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