The World's first A.I. tax engine for freelancers.

The home mortgage interest deduction is a popular deduction within the US tax code. So, if you own a home, you can take advantage of the mortgage interest deduction to lower your tax bill. The IRS describes the home mortgage interest as any interest you pay on a loan secured by your home (main home or a second home). The loan can be a mortgage to buy your home or a second mortgage. However, there are some conditions that must be met in order for you to be eligible for the home mortgage interest deduction, such as- You must file Form 1040 or 1040-SR and itemize deductions on Schedule A. You must ensure that mortgage is a secured debt on a qualified home in which you have an ownership interest If you itemize deductions on Schedule A, then you can deduct qualified mortgage interest paid on a qualifying residence including your main home, or second home. Moreover, you must be legally responsible for repaying the loan to deduct the mortgage interest. According to the IRS, you can deduct al...

 Today running a freelancing business gives you a lot of flexibility. Setting your hours, being your boss, choosing your clientele, and deciding which projects to pursue or pass on are all exciting. However, freelancing has its own set of difficulties, ranging from negotiating a reasonable wage for your services to wondering about where your next job will come from if it will come at all. Tax season is once a year for freelancers and independent contractors, but it is a constant threat. These professional tax deductions for freelancers ' recommendations might help you prepare for the upcoming tax season and beyond.  So here are some lists of 5 things one must know before claiming tax deductions. 1. Learn the fundamentals of freelance taxes: All business owners, whether freelancers or CEOs, need a fundamental understanding of accounting and taxes to make money to work for themselves. You may be an expert in your field as a freelancer, but that does not guarantee you understand ...

There are several advantages to working as a freelancer. You work on your schedule, on projects of your choosing, and at your own pace. It's a terrific opportunity to earn some extra money doing something you're excellent at – or, even better, something you like – whether it's your full-time job or simply a side hustle. However, there is a catch: you are solely responsible for calculating and paying your freelance taxes as a self-employed person.   Some freelance tax calculators are more complicated than others, so you should choose the best freelance tax calculator that meets your requirements. Whatever the case may be, there are a plethora of online calculators to pick from.   As A Freelancer, Learn to Prepare for Tax Filings   The easiest method to prepare for your taxes is to keep meticulous records of your business expenses. Whether you do it manually or make use of expense tracking apps like FlyFin . It is essential to keep a track of business costs like office ...