What do you mean by?...SM - Old Anon Posted: Jan 2nd, 2018 - 11:42 am In Reply to: I didn't want to do IC - sm
"with new tax law, ICs now get to deduct 20%. I'm an IC with 1 client of my own and have always been able to deduct a percentage of my expenses, based on the square footage of my home office. These include a percentage of mortgage interest, heat, electricity, sewer tax, water, etc. In addition, I deduct business supplies (printer ink/paper), a portion of my internet expenses, reference books, business equipment, business mileage, business postage, etc., etc. I have a small business specialist CPA prepare my tax return, and it's well worth the expense because it is done right. Please point me to a link that explains what you mean by "now get to deduct 20%" And it's 20% of "what" exactly?
Post A Reply Reply By Email Options
Complete Discussion Below: ( marks the location of current message within thread)
|