And given the high cost of healthcare, this could be a valuable way to lower your tax bill. Calculate the deduction using the Self-Employed Health Insurance Deduction Worksheet in IRS Publication 535.

Deductions, also sometimes called tax write-offs, are eligible expenses that you can deduct on your return to lower the amount of income that gets taxed. There are many valuable self-employment ...

Look for these 15 deductions, from home office expenses to self-employment taxes. Consult with a tax professional to ensure you don't miss any deductions for the 2023 tax year. Are you self ...

Self-employment can score you a bunch of sweet tax deductions, too. One is the qualified business income deduction, which lets you take an income tax deduction for as much as 20% of your self ...

That is because it can be hard to know which tax deductions for the self-employed you can, or cannot, claim. Fortunately, there are some self-employment tax deductions and tax credits that just ...