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2. 15 Self-Employment Tax Deductions You Should Know - AOL

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

   Here’s how to find the top tax deductions when you’re self-employed. ... If you have a 100 sq. ft. office and 2,000 sq. f.t. home–you can deduct 5% of your qualified home expenses. 3. Health ...

3. What Are the Most Generous Tax Deductions for the Self-Employed?

   www.aol.com/finance/most-generous-tax-deductions...

   Qualified Business Income. As part of the Tax Cuts and Jobs Act of 2017, small businesses, including self-employed individuals, were allowed to write off 20% of their incomes. While this provision ...

4. Medical savings account (United States) - Wikipedia

   en.wikipedia.org/wiki/Medical_savings_account...

   Qualified medical expenses are essentially those that would qualify for the medical and dental expenses deduction. These are discussed in IRS Publication 502. Other personal conditions, such as a period of non-employment as a self-employed individual, allow the payments for the high deductible insurance policy itself to qualify to be paid from ...

5. Here's how the self-employed can save on taxes and help ... - AOL

   www.aol.com/finance/heres-self-employed-save...

   In 2021, the number of self-employed workers in this country jumped to 14.9 million in the second quarter, after falling to 12.7 million a year earlier, according to a Pew Research Center report.

6. Solo 401 (k) - Wikipedia

   en.wikipedia.org/wiki/Solo_401(k)

   A Solo 401(k) (also known as a Self Employed 401(k) or Individual 401(k)) is a 401(k) qualified retirement plan for Americans that was designed specifically for employers with no full-time employees other than the business owner(s) and their spouse(s). The general 401(k) plan gives employees an incentive to save for retirement by allowing them ...

7. Foreign housing exclusion - Wikipedia

   en.wikipedia.org/wiki/Foreign_housing_exclusion

   If you are not self-employed, even partially, you cannot take a housing deduction, although you may be eligible for exclusion, as mentioned earlier. If you are considered self-employed, then you can deduct the housing amount on line 36 of form 1040 and form 2555. If you are both employed and self-employed, you can deduct part of your housing ...