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prima:What can a self-employed person deduct in the income tax return?

They are required to send estimated payments to Social Security which are not automatically deducted

February 27, 2025 - 5:11 PM

A self-employed person may deduct all expenses that are directly related to the generation of income. (Suministrada )

When filling out an income tax return, self-employed individuals have the option of deducting everything that represents an expense for their business: from part of what is invested in the clothes they wear, to the space in the house they use for the business, no matter how small it may be.

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