What are some tax tips for freelancers?
An example of an AI chatbot conversation about tax tips for freelancers.
What are some tax tips for freelancers?
As a freelancer, it's important to keep track of your expenses. You can deduct costs like home office expenses, supplies, and software.
Are there specific deductions I should be aware of?
Yes! Common deductions include business travel, meals with clients, and health insurance premiums if you're self-employed.
How can I keep my records organized?
Consider using accounting software or apps to track your income and expenses. Regularly update your records to avoid last-minute stress.
What about estimated taxes?
Freelancers typically need to pay estimated taxes quarterly. Make sure to set aside a portion of your income to cover these payments.
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