@millennialindebt
Millennial In DebtAlright loves we are in the thick of tax season and we not risking jail time over here !! The tax write off’s main purpose is to lower your taxable income (my W2 workers we’ll be talking about deductions next week!) so you can have a lower tax bill. To qualify for a write-off, the IRS uses the terms "ordinary" and "necessary;" which means the expense must be regarded as necessary & appropriate to the operation of your type of business. I dive in further to all the ish we didn’t learn about taxes in chapter 10 of my book “So This Is Why I’m Broke” now available for preorder at sothisiswhyimbroke.com (🔗 in B/0) #taxes #taxseason #MyDolceMoment
On the profile · Mar 31, 2023