How Much Should I Deduct?

by Enrolled Agent at BossTax | Jan 28, 2023 | Tax Blog, Tracking Tips | 0 comments Infographic explaining IRS Hobby Rule factors for self-employed businesses One of the most common questions of self-employed business owners is “How much should I deduct?” The obvious answer is only to deduct those business expenses you actually incurred. But if you’re like most people, you don’t have a perfect record keeping system and you’re not always sure whether or not you made money – or at least how much...