Tax deductions are gold, especially if you’re self-employed, paying out of pocket for all your expenses.
How do tax deductions work when you’re self-employed?
When you work for yourself, the IRS considers you a business. That means you can deduct most reasonable and necessary business expenses on your tax return.
We’ve compiled the most common 1099 and freelance tax breaks below. Read it through, and check it twice to make sure you don’t miss out on any tax savings.