Introduction With the rise of freelancing, gig work, and side hustles, many people earn extra income through Uber, DoorDash, Etsy, consulting, or online platforms. However, gig workers often face...
Introduction The home office deduction allows self-employed individuals and business owners to deduct home- related expenses used for business purposes. However, many taxpayers either miss out on this deduction...
Introduction Freelancers and self-employed individuals often miss valuable tax deductions that could significantly reduce their taxable income. Unlike W-2 employees, freelancers must pay self-employment taxes and cover their own...
Introduction Small businesses must follow IRS tax regulations to avoid costly mistakes that can lead to penalties, audits, and overpaying taxes. Common tax errors include misreporting income, missing deductions,...
As the new year unfolds, it’s time to dive into the world of tax deductions for 2023 with the IRS! Understanding individual tax deductions and maximizing your benefits is...