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6 Commonly Overlooked Tax Deductions to Maximize Your Return

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“Can a dead person deduct medical expenses?” “Can ” These are just a few of the numerous requests Andy Phillips, director for the Tax Institute at H&R Block in Kansas City, Missouri, fields when tax time rolls around, as his clients muddle their way through what can and can’t count as a deductible expense. 223(d)(2)(D).

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Who’s Stuck With The Bill?

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Often, the amount paid towards remote work expenses depends on whether the job is full time or freelance, and the seniority of the employee’s position. This can include the cost of a dedicated work laptop, printer, phone and internet. What are the costs associated with working remotely?

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What Is My Net Worth?

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You may be spending more than you earn and using credit cards to help you cover expenses. A zero net worth is going in the right direction, but you still likely need to reduce your expenses or make more to prepare for the future. Spend some time brainstorming ways to cut expenses and earn more, but also be patient with yourself.

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5 Productivity Products and Services to Boost Company Morale

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He calls the watch his ecosystem, since it connects to his phone, home, computer and more. Business owners might enjoy alerts related to order updates, assigning and accepting urgent tasks and talking on the fly without having to look for your phone, such as during hectic travel.

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5 Tips to Make Filing Taxes Easier for Freelancers in 2023

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Generally, the expenses involved in operating your business or side hustle can be tax-deductible. So you can’t just go on vacation or buy a new car and claim it as a deductible business expense. For this example, let’s use $2,000. But the IRS has many rules about when and how you qualify for a deduction.

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Should I Use a Robo-Advisor to Manage My Investments?

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Although these services are usually more expensive than a straight robo-advisor, it’s still often less than meeting with a traditional financial advisor in person. You can access the platform 24/7 from your phone, tablet or computer. You’ll also have to pay the fund’s expense ratios. How do robo-advisors work?

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8 Crucial Tax Filing Tips For Freelancers

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Track your expenses and earnings during the year. As an example, Bench is an online bookkeeping service that also has a tax resource hub. This website provides accurate billing and invoices, as well as accounting services, and automatically track invoices, payments, mileage, and expenses year-round. . An office in the home .

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