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Self-employed individuals are often so focused on running their businesses that they may overlook potential tax deductions that could save them money.
Here is the list of the most overlooked deductions for self-employed individuals.
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Tax credits are a powerful tool in the fiscal policy arsenal that governments use to incentivize behavior, support individuals and families, reduce poverty, and stimulate economic activity. Unlike tax deductions, which reduce your taxable income, tax credits provide a dollar-for-dollar reduction of tax owed or an increase in a tax refund.
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As digital currencies become more popular, the issue of cryptocurrency taxation is gaining significance. In many countries, cryptocurrencies are treated as assets, and therefore, they are subject to taxation when bought, sold, or exchanged.
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