
All about standard tax deduction
Why Not Mint Money
00:00
Can Freelancers Claim Standard Deduction?
Tax rebat tax rebate is allowed to all individuals, whether salaried or non salaried. Freelancers cannot claim standard eduction, but they can claim expenses incurred while offering professional services. They also have an option to report income as fot, presempt axasion. Scheme in which it is allowed to show expenses at two 50% of gross receipts.
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