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Tax Saving Secrets for Entrepreneurs and Side Hustlers with Carter Cofield

Everyone's Talkin' Money

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Can Side Hustle Businesses Still Take Tax Deductions?

If you have a four time job, let's say you're getting paid a hundred thousand dollars, no salary. Now this ten thousand dollar loss gets to be subtracted from your income at work. So now the coron coal loss from your side hustle is actually lowering your income at Work. Was going to give you a lot larger tax deduction. I'lm win you fole taxes for your w two job at that mixin,. millennials get a really bad rap for not being able to afford retirement. That's my job. H haha.

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