If you are a freelancer or self-employed professional, you could be eligible for a number of money-saving tax deductions that can boost your bottom line. This article is an overview of 10 potential tax deductions to keep in mind as you prepare for tax season. (As with almost anything tax-related, there will be some nuance regarding what can be written off and for how much, so be sure to conduct additional research or consult with an accountant as needed.)
2020 was an unimaginable year. By late March, we were fighting a global pandemic amidst quarantine orders and lockdowns that drastically changed the way we live and work. As remote work and flexibility became more commonplace, even more people began to enter the freelance workforce. Whether you are a longtime freelancer or whether you are just starting your freelancing career, this article shares several strategic tips for you to wind down 2020 and plan for a successful 2021.