
Reduce Your Freelance Tax Bill with These Top Year-End Deductions
Between the increase in expenses due to inflation and potential end-of-the-year deductions you can take, there is a lot to consider as you work to finalize your freelance business finances before Dec. 31. For this tax season, however, it is important to consider how inflation may play into your calculus, especially when it comes to deductions or if you raised prices to keep up with inflation. Many of the changes that were introduced in the Inflation Reduction Act will not go into effect until January 1, 2023, but there are still deductions you can take advantage of now that can