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  2. www.nerdwallet.com › article › taxes15 Self-Employment Tax Deductions to Know - NerdWallet

    Apr 22, 2024 · Here are 15 big self-employment tax deductions and tax benefits that could slash tax bills for freelancers, contractors & other people who work for themselves.

  3. www.taxslayer.com › blog › special-rules-taxCharitable Donation Tax Deduction: Clothing & Household Items

    4 days ago · According to the IRS, you can deduct charitable contributions worth up to 60% of your AGI. But special rules do apply, depending on what you donate. The items subject to these rules include clothing, household items, cars, boats, airplanes, business inventory, patents, and intellectual property.

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  4. blog.turbotax.intuit.com › tax-deductions-and13 Tax-Deductible Donations That Aren’t Clothes - Intuit ...

    Apr 23, 2024 · How do you write off tax-deductible donations? What types of donations aren’t eligible for a deduction? You can write off many charitable donations you make to organizations like Goodwill and Salvation Army, but the following donations aren’t eligible for a deduction.

  5. www.cnbc.com › select › tax-deductions-charitableHow to Get a Tax Deduction for Charitable Donations - CNBC

    5 days ago · Charitable contributions are generally tax deductible, though there can be limitations and exceptions. Eligible itemized charitable donations made in cash, for instance, are eligible for...

  6. turbotax.intuit.com › tax-tips › self-employmentReporting Self-Employment Business Income and Deductions

    Apr 16, 2024 · Key Takeaways. Use Schedule C to calculate whether your business had a taxable profit or a deductible loss. List your business income in Part I, including sales for the year, amounts reported on 1099 forms you receive, value of barters, recovered bad debts, and any interest earned.

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  7. www.freshbooks.com › hub › accounting14 Small Business Expense Categories to Consider - FreshBooks

    Apr 26, 2024 · Accounting. April 26, 2024. As a small business owner, you can categorize your expenses for a small business. This is done by developing a list of popular business expense categories that each transaction can be assigned to.

  8. www.efile.com › tax-deduction › income-deductionHow to Deduct Charitable Contributions on Your Tax Return

    Apr 17, 2024 · With an itemized deduction, you list each item that qualifies for as a deduction. You can only claim one of these methods: standardized or itemized deduction on your tax return. Which deduction is best for you?

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