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2. Effortless Tax Deductions: 6 Write-Offs You Don’t ... - AOL

   www.aol.com/finance/effortless-tax-deductions-6...

   Half of Self-Employment Taxes. If you’re self-employed, you can deduct 50% of the 12.4% Social Security tax on net self-employment income up to an annual ceiling, according to the NOLO legal ...

3. What Can I Write Off on My Taxes? - AOL

   www.aol.com/finance/write-off-taxes-090021611.html

   Under the recent tax law, the deductibility of state and local tax payments for federal income tax purposes is now limited to $10,000 — or $5,000 for married taxpayers filing separately — in a ...

4. 15 Self-Employment Tax Deductions You Should Know - AOL

   www.aol.com/15-self-employment-tax-deductions...

   There are dozens of self-employment tax deductions, including advertising, retirement contributions, health insurance, self-employment tax deduction, travel expenses, business insurance, car ...

5. Take Advantage of These 15 Commonly Missed Tax Deductions - AOL

   www.aol.com/advantage-15-commonly-missed-tax...

   Self-Employment Expenses. Self-employed taxpayers don’t get a Form W-4 and can’t take advantage of certain payroll deductions, but they can take advantage of many of the small-business tax ...

6. Tax deduction - Wikipedia

   en.wikipedia.org/wiki/Tax_deduction

   A tax deduction or benefit is an amount deducted from taxable income, usually based on expenses such as those incurred to produce additional income. Tax deductions are a form of tax incentives, along with exemptions and tax credits. The difference between deductions, exemptions, and credits is that deductions and exemptions both reduce taxable ...

7. What Is a Tax Write-Off? - AOL

   www.aol.com/finance/does-mean-write-something...

   To demonstrate how tax write-offs work, Bench Accounting gave the example of an independent contractor who earned $60,000 in 2023: The self-employment tax of 15.3% is $8,478.

8. What Can I Write Off on My Taxes? - AOL

   www.aol.com/write-off-taxes-090021611.html

   Find Out: What Are the 2020-2021 Federal Tax Brackets and Tax Rates? Although certain tax deductions remain relatively stable from year to year, others change or disappear entirely, while new ones ...

9. What Can I Write Off on My Taxes? - AOL

   www.aol.com/write-off-taxes-110021429.html

   Some deductions remain every year, but others change or disappear, and new ones crop up. Learn the most common tax deductions available for tax year 2019.