The gig economy is in full swing. There are many avenues for self-employment for people across the country. You can have your own small business where you sell products you create through an online shop, you can work on behalf of DoorDash, Instacart, Uber, GrubHub, and much more. When you enter the world of 1099 tax forms and work as an independent contractor, your tax deduction possibilities open up.

You can claim business expenses to reduce your personal taxable income. Common deductions include business miles, advertising, car payment interest, mortgage payments, meal expenses, and office equipment. This can potentially allow you to pay little to no income tax. The amount of each expense you can claim depends on a variety of factors such as the state you live in, how often you use personal assets for your business, and the everchanging federal tax code. Knowing exactly what you can and cannot write off as expenses, our tax consultant can help you maximize your deductions and minimize the amount of income tax you owe the government.