Business write-offs are your best friend if you have any type of 1099 or self-employment income. You can write off anything you buy to do your work — but to write it off, you have to track it.
How do write-offs work? Essentially, part of every dollar you spend on your business comes off your tax bill at the end of the year. So if you don’t track what you’re spending, you end up paying more taxes than you should!
Still confused? Take a look at our article on how tax write-offs work. It’s one of the many free resources we offer to freelancers, gig workers, and small business owners.
Not finding what you need (or have a specific question that isn’t answered)? You can send a text to your tax assistant under "Tax Help" located on the app!