Take the Qualified Business Income Deduction (QBID) to reduce your taxes by 20%.
πEvery freelancer & small business owner can take this deduction.
π Take 20% of your net income and deduct it right away!
π Get the FlyFin app to find all possible deductions automatically.
Bust all your myths with certified CPAs, and find all potential deductions that apply to you in minutes with the FlyFin app. Download now.
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Tax season is like a game of Jenga β you carefully stack all your financial decisions and hope that the whole thing doesn't come crashing down. #TaxTwitter will relate!!
Learned something new? Bust all your myths with certified CPAs, and find all potential deductions that apply to you in minutes with the FlyFin app.
Download now. Link: https://t.co/jbsN7ccAIw
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You'll be taxed on only $50,000, i.e., your net profit, even though your total income i.e., your gross income, was $100,000.
That's a huge difference in how your taxable income can save you loads on taxes π°
Download the FlyFin app to let A.l. find all your business meal deductions automatically and in minutes!
We have a special offer right now, where you can try the app free for 7 days. Click the link in bio πΈ
πIf you have a health issue, keep a prescription from a medical practitioner handy.
π Don't pay for your massage with your Health Savings Account (HSA) or Flexible Savings Account (FSA) - that would make it non-deductible.
π Keep a record of these expenses using FlyFin.