Are you a freelancer? If so, it pays to know how the tax code can work for you. For example, one of the biggest perks of the 2017 Tax Cuts and Jobs Act is a new 20% deduction on the so-called pass-through business. This is available to a wide variety of gig economy workers: owners of an LLC or an S corporation, a partner or a sole proprietor. The deduction is available even to workers who take the standard deduction.
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