Self-employed individuals are able to deduct a wide range of costs which directly support their ability to operate as a business. There are many immediate savings for the self-employed, including:
- Independent contractor deductions and benefits
- Home office deductions and other business-related expenses
- Special tax savings only for the self-employed and their spouses and children
Our experienced and knowledgeable tax preparers can help you identify all applicable deductions available to you as a self-employed individual. There are many, and it takes a full understanding of the tax codes to locate and take advantage of all these benefits.