We’re all looking to save an extra penny whenever we can, but it can seem too complicated to save anything when it comes to the Internal Revenue Service and taxes. It turns out there are ways to save on taxes, and some of the most important ones are taking a tax deduction and claiming tax credits.
Freelancers, gig workers and all self-employed people can claim tax deductions for things like business meals, home office supplies and even cell phone expenses. You also might be eligible for some tax credits, which will lower your tax bill if you qualify. As with anything IRS-related, there are certain requirements one needs to fulfill. Using tax credits or taking a tax deduction when you don’t qualify could result in some hefty IRS penalties.
But no need to worry. You’ll learn everything you need to know about the difference between tax credit and tax deduction and be the winner in the credit vs deduction showdown.
FlyFin caters to the tax needs of self-employed individuals, including freelancers, gig workers, independent contractors and sole proprietors.
The A.I.-powered tax engine tracks all your business expenses automatically to find every possible tax deduction.
Then, our CPA team files a guaranteed 100% accurate tax return for you – to save you a couple thousand dollars and a ton of time on your taxes. And anyone, self-employed or not, can have their taxes filed through FlyFin!
Download the FlyFin app and let the CPA team file a 100% accurate tax return for you in less than fifteen minutes, saving time and more money on your taxes than last year, guaranteed.
Need help navigating your taxes?
FlyFin's A.I. and 24/7 CPA support will guide you.