As you know, Tax Day 2019 is Monday, April 15. If you haven’t filed yet, I found a great article that covers tax deductions for independent contractors. The 11 points are listed; Please read the complete article in the link below.
- First, form an entity
- Use of your car for business
- Home office dos and don’ts
- Equipment purchases
- Insurance (and if you don’t have it, you should)
- Retirement savings
- Business travel
- Business meals
- Training and subscriptions
- Client gifts
- Credit-card interest
Courtesy of Debbie Amend, Fidelity National Financial Company.
11 TAX DEDUCTIONS EVERY INDEPENDENT CONTRACTOR SHOULD KNOW ABOUT