Sadly, self-employment has had quite the bad rep, for obvious reasons. Tax reasons are included in that mix. Entrepreneurship, although celebrated widely, often doesn’t get the same perks as traditional W-2, and that’s a shame. Thanks to this year of 2015, when filing your tax return, you have a bit of consolation, particularly when dealing with social security, so bear this in mind, because it’s important: you don’t want to miss out on this tax deduction at all.
So you didn’t make a whole lot of money this past year of 2014. Does that mean you’re completely exempt from filing that 2015 tax return? Don’t be too sure…. Talk to a specialist from H.O.P.E. to Own about it, regarding your expedient 2-hour tax return to find out, but in the meantime, here’s a bit of wisdom for you to hold onto.
It May Not Matter What Your Income Is Regarding Your Tax Return
- Alternative Minimum Taxes
- Household Employment Taxes
- Retirement Plan Taxes