Tammy • Multi professional
In General, transfer of funds between your own accounts is not considered as an expense, Hence, it is not tax deductible. Only the expenses related to your freelance business are eligible for tax deduction on Schedule C of IRS Form 1040.
Dixon is one of the best tax experts from the United States. He has an experience of 28 years in the field of corporate finance. Before FlyFin, Dixon had served as the Tax Head at KPMG, NJ.