Legislators have written numerous lines into the tax code throughout the years to soften the blow of the extra costs that self-employed persons must shoulder as they do business. The Tax Cuts and Jobs Act (TCJA), passed in December 2017 and effective as of the 2018 tax year, made several changes to self-employed tax deductions.
This book helps you handle your taxes with a simple and efficient system. When you understand your taxes, you can make better budgeting and planning decisions to grow your personal net worth. You can even save money by filing your own taxes – and know your financial situation like the back of your hand!
You'll find out how to get started doing your taxes, getting the deductions you deserve, and enjoying a bigger refund check at the end of the year.
Covers:
-The ins and outs behind our progressive tax system
-Picking the right legal entity for your business
-What tax deduction you should consider in your business
-What business entity best fits your business
-What category of business deduction you should consider
-Identify your deductions, and claim them correctlyLegislators have written numerous lines into the tax code throughout the years to soften the blow of the extra costs that self-employed persons must shoulder as they do business. The Tax Cuts and Jobs Act (TCJA), passed in December 2017 and effective as of the 2018 tax year, made several changes to self-employed tax deductions.
-Picking the right legal entity for y