As a freelancer, you’re responsible for managing your own finances, including filing your own taxes. One of the key benefits of being a freelancer is the ability to take advantage of tax deductions that can help lower your tax liability and save you money. Here are five tax deductions that every freelancer should know about: The home office deduction is one of the most
Business meal deductions refer to the expenses that a business can deduct from their taxes for meals that are incurred while conducting business. These deductions can include meals with clients, customers, and employees, as well as meals that are necessary for the business operations. One of the most common types of business meal deductions is for meals with clients or customers. These meals can