gig economy tax deductions

gig economy tax deductions

7 Secret Tax Filing Hacks for Gig Workers

Gig workers can lower their tax bill by using specific deductions and filing strategies such as mileage, home-office, phone allocation, and S-corp elections. The IRS treats 1099 income differently from W-2 wages, so the rules around what you can deduct are more flexible but also more detailed. In 2023 the