Written by David Rodeck
Life as a freelancer comes with a number of advantages compared to life as an employee. You have the ability to set your own hours, grow your income, and build a business according to your own terms. The downside is that you also face expenses and challenges that many employees don’t have to worry about.
To help you manage these expenses, the U.S. tax code offers a number of deductions for self-employed workers. Here are some of the most important tax benefits and deductions that all freelancers should know about.
THIS ARTICLE DOES NOT ADDRESS ALL TAX ISSUES FOR FREELANCERS, AND IT CANNOT AND SHOULD NOT BE RELIED UPON AS LEGAL ADVICE. READERS ARE STRONGLY ENCOURAGED TO SEEK TAX ADVICE BASED ON THEIR PARTICULAR CIRCUMSTANCES FROM AN INDEPENDENT TAX ADVISOR.