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5 Tips to Make Filing Taxes Easier for Freelancers in 2023

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It can also make things more complicated when it comes to filing taxes. Keep reading for tips for how to do taxes as a freelancer and make filing this year a little easier. For example, if your tax bill on your freelancing income was $8,000, add an extra cushion based on what you think you’ll be earning above that amount this year.

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6 Commonly Overlooked Tax Deductions to Maximize Your Return

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Additionally, self-employed individuals can leverage deductions for home office expenditures and health insurance premiums. I work from home and use my home garden for nutrition education a lot. I recently learned that structures on my home office property including greenhouses are eligible for tax deductions,” she says.

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7 Home Office Hacks That Will Help You Get Organized

Productivity Bits

Distraction-Free Charging Station With all the distractions that come with having a home office as opposed to a traditional workplace office, you might appreciate the dual functionality of this off-desk charging station. Multipurpose Filing Chest Repurpose a chest by giving it new functionality. Easy as that!

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Who’s Stuck With The Bill?

Allwork

The rise in working remotely comes with several costs, which include internet subscriptions, computers and office equipment, home office furniture, security, insurance, and software. Those costs include internet subscriptions, computers and office equipment, home office furniture, security, insurance, and software.

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Making Taxes Less Taxing

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As a result, taxes can feel like an overwhelming task to tackle, whether it’s your first time filing as a freelancer or your fifth. For example, viewing your taxes as a time-consuming duty to check off your list will make it seem like a chore. But even with these benefits, tax filing can still be daunting.

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The Cognitive Scientist’s Handbook to Working an Optimal Day

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To illustrate this principle at work, she uses a delicious example: If you’re tasked with making a doughnut, spend your cognitive prime time on making it edible. Her top suggestions: Establish a work-to-home transition: Your workday needs a hard stop—your brain can’t optimize for home or family life if it’s still in work mode.

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12 Last-Minute Gift Ideas For Digital Nomads

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Even if they won’t file their tax returns themselves, it’s useful to be able to digitize all receipts and costs so that they can keep track of what’s happened during the year. Some examples of digital accounting software packages include FreshBooks and Bench.co. .

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