15 Tax Deductions and Benefits for the Self-Employed

Throughout the years, legislators have written numerous lines into the tax code to soften the blow of the extra costs that self-employed persons must shoulder as they do business. The Tax Cuts and Jobs Act (TCJA), passed in December 2017 and effective as of the 2018 tax year, made several changes to self-employed tax deductions. Many of these changes are temporary and set to expire in 2025, but others are permanent.

Original Article Source Credits:   Investopedia , https://www.investopedia.com/

Article Written By:  AMY FONTINELLE

Original Article Posted on:   Nov 19, 2020

Link to Original Article:  https://www.investopedia.com/articles/tax/09/self-employed-tax-deductions.asp