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Can I write off business expenses on my personal taxes?
Tax season can be a tricky time for self-employed individuals, freelancers, and small business owners. The concept of tax deductions is particularly enticing when you think about reducing the amount you owe to the IRS. But what expenses can you actually write off? If you're asking yourself whether you can deduct business expenses on your personal taxes, you're not alone. In this blog post, we’ll break down the tax implications of business versus personal expenses, explore common deductions, explain how to report your expenses, and highlight the benefits of accurate record-keeping.