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Strategic Tax Write-Offs for Freelancers and Small Businesses
Strategic Tax Write-Offs for Freelancers and Small Businesses
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BTCCSquare news:
Navigating the tax code demands precision, but mastering deductions can transform liabilities into opportunities. For freelancers, gig workers, and small business owners, write-offs are more than annual paperwork—they're a financial lever. The Qualified Business Income (QBI) Deduction alone can carve significant chunks off taxable income, while home office expenses and mileage costs offer recurring relief.
Business travel, meals, and startup costs join retirement contributions and health insurance premiums in a symphony of savings. Legal fees, advertising, and equipment depreciation further tighten the fiscal noose. This isn't about loopholes—it's about deploying the tax code as deliberately as a balance sheet.
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