Everybody would like to be their own boss, but like everything in life there are pros and cons to being self-employed. On the plus side, you are totally in charge of your destiny as a self-employed person and you can organise your own hours. But ...
Self-employed people generally can deduct interest paid during the tax year on debts related to their business. Interest relates to your business if the loan proceeds are used for a business expense. It doesn’t matter what type of property secures the loan. However, you can only deduct ...
Self-employed taxpayers report their business income and expenses on Schedule C. TurboTax can help make the job easier.
Our situation is that my wife retired a couple of months ago and had a pension. I retired with a pension fourteen years ago but I continue to work part time. I will start receiving SS at FRA in a couple of months and at that time my wife will start receiving her spousal benefit. Ou...