Your home, car, insurance, retirement savings and even your education bills could get you a tax break. Many, or all, of the products featured on this page are from our advertising partners who ...

This makes it easier to report and claim deductions come tax time. The self-employment tax In addition to income tax, there is a separate tax self-employed people must pay on net earnings called ...

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 ...

Choose the Correct Entity Type for Your Business “For example, in a sole proprietorship, you will pay self-employment taxes ... Be Aware of the Foreign Derived Intangible Income Deduction Crystal ...

For tax purposes, net earnings are usually your gross income from self-employment minus your business expenses. Generally, 92.35% of your net earnings from self-employment is subject to self-emplo ...

Here’s a look at some of the most generous tax deductions that are available to the self-employed. The home office deduction can be one of the most generous available to self-employed individuals.

One of the best things about being self-employed is that you are entitled to a whole host of tax deductions. Learn More: 7 Tax Loopholes the Rich Use To Pay Less and Build More Wealth Try It ...