4 Tax Deductions You Need to Know if You Are Self-Employed

Regardless of your feelings on the matter, 2020 is a year in which you'll likely want to know how you can take advantage of certain tax deductions related to the new realities of work -- particularly if you're self-employed or an independent contractor. Knowing the right tax deductions, and how to apply them on the most basic level, will create great benefit for you come tax time if you are careful with your record keeping. Below you'll find four of the most visible deductions that could ultimately impact how much tax you owe for the year.