Self-Employment Deductions: Top 5 Tips
Navigating the maze of self-employment deductions can feel like an overwhelming task for entrepreneurs and freelancers. From understanding the standard self-employment deduction to maximizing your self-employed expenses deduction, there’s a lot to keep track of. Fortunately, with the help of technology, deduction trackers or deduction apps can significantly simplify this process, ensuring you capture all deductions for self-employed individuals. Whether you’re trying to decide is it better to deduct gas or mileage using the standard mileage deduction rate, or you’re curious about the nuances of the medical travel tax deduction,