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What Can I Deduct from My Taxes When I’m Self-Employed?

If you’re newly self-employed, figuring out what you can deduct from your taxes can be confusing. The good news is that you can deduct the same kinds of expenses as the big companies, which are described in IRS Code Section 162 as “ordinary” and “necessary” expenses. “Ordinary” expenses include the types of expenses that similar businesses have. […]

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