Home office tax deductions – All you need to know

There are generally two options for determining the home office tax deduction. The simplified version, however, may result in a smaller tax break. The standard option, on the other hand, needs extensive calculations and record-maintaining to offer a larger deduction. 

15 Self-Employment Tax Deductions In 2023

Self-employed people and freelancers can avail tax deductions based on a variety of factors that impact their work such medical insurance, retirement savings, advertising or start-up costs and self-employment taxes, among others.