Freelancers are considered to be online contractors that provide services to their clients that are not necessarily associated with any particular company. These freelancers are solely responsible for their income and expenditure and should keep records for tax purposes.
When it is time to prepare taxes, there are a number of deductions that can be claimed by Freelancers however, you must have the relevant evidence to be able to support your claims. The IRS allows deductions to be applied to your tax liabilities once you incur amounts that are directly related to your business.
As a freelancer, there are a number of deductions that can be applied to your tax obligation and in this book we will explore many of them.
