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Tax Planning for Freelancers: 5 Strategic Moves To Make Now To Avoid Tax Pain Next Year

Allwork

While the dust from the 2023 tax filing season has long since settled, if you are a freelance worker, independent contractor , or digital nomad, now isn’t the time to forget about your taxes. ” In this form of business, the freelancer is personally responsible for all aspects of the business, including its debts and legal obligations.

Legal 263
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6 Commonly Overlooked Tax Deductions to Maximize Your Return

Success

Office expenses and supplies Paul Miller, managing partner and CPA at Miller and Company, LLP in New York, says amidst the complexities of the tax code, this write-off is often overlooked. Educators can claim up to [$300] for classroom-related expenses, while student loan interest deductions offer relief for borrowers. 223(d)(2)(D).

Expenses 261