Top 1099 Tax Deductions and Strategies for Independent Contractors

Learn the BEST 1099 Tax Deductions and Strategies, from a Licensed CPA! Subscribe: https://www.youtube.com/channel/UC0AAvxmjMAqljjpc23e1f7g?sub_confirmation=1 If you are a 1099 or independent contractor, then you have one of the greatest opportunities to reduce your taxes. The tax law heavily favors business owners and the good news is that when you earn 1099 income, the IRS considers you to be self-employed. This key characteristic opens the doors for you to take advantage of over 100 tax deductions and tax strategies that you can use to pay less taxes on your income. As a licensed CPA, I have helped independent contractors reduce their taxes by thousands at mycpacoach.com and today I want to share the most valuable strategies with you. You are going to learn everything from: 1099 Tax Benefits: (0:00) What Is 1099 Income?: (0:49) Biggest 1099 Tax Mistakes: (1:45) What Is A 1099 Write-off?: (3:24) 20% Tax Write-off: (5:10) Deducting Home Expenses: (5:58) Deducting Car Expenses: (7:30) Deducting Restaurant Meals: (8:45) Travel Deduction: (9:52) Health Insurance Deduction: (10:35) How To CREATE 1099 Write-offs: (11:48) 1099 Retirement Plans: (12:05) Health Deduction: (13:35) Writing off Family?: (14:30) Avoiding Self-Employment Tax: (15:40) ALL. IN. ONE. VIDEO. This is literally a masterclass-grade video that can save you a ton of money, so go ahead and save this video and hit the Like button below so more people can find it.