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Small Business Tax Planning Tips For Freelance Writers

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Running a small business comes with a variety of unique tax benefits, and many freelance writers are considered small business owners. If you write on a contract basis, use these tax planning tips to reduce your overall tax burden. Claim the Self-Employed Health Insurance Deduction As a self-employed writer, you're entitled to the health insurance tax deduction. Distinct from the health care premium tax credit, which is a credit that helps individuals and families reduce health insurance premiums, this deduction is claimed against a business' revenue.

23 March 2020