16 last-minute 1099 tax deductions for independent contractors

Tax Time: Are you running a gig?

16 last-minute 1099 tax deductions for independent contractors

Jacob Lund // Shutterstock 16 last-minute 1099 tax deductions for independent contractors Unlike a full-time employee whose taxes are deducted from their paycheck, if you’re an independent contractor, it’s your job to pay taxes on your own—and you’ll want as many 1099 tax deductions as you can take, NEXT explains. You can claim numerous deductions when you file your taxes on tax day. Your 1099 independent contractor deductions lower the amount y…

Economic analysts say that the government's new policy regarding tax payments when earning is commendable. They point out that this has provided significant relief to all sectors. A person earning a monthly salary of Rs. 150,000 previously had to pay Rs. 3,500 in tax. Under the government's new policy, no tax will be levied on that salary. Rs. 100,000 […] The post Relief for those who pay taxes when earning appeared first on ITN News.