Tax Reform 3 Key Tax Reform Changes and Facts for Self-Employed [Infographic] Read the Article Open Share Drawer Share this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Pinterest (Opens in new window)Click to print (Opens in new window) Written by TurboTaxLisa Modified Jul 3, 2019 1 min read As you may already know, tax reform has changed taxes for the majority of taxpayers beginning with tax year 2018. And if you took the plunge into self-employment in 2018, you may be wondering how the new tax law affects you. Check out our infographic below to find out about key tax changes and facts about being self-employed. While there are some new tax changes for self-employed beginning in 2018, don’t worry about remembering all of the tax law changes. TurboTax Self-Employed has you covered and is up to date with the latest tax laws so that you receive all of the self-employed tax deductions and credits that you’re eligible for. Written by Lisa Greene-Lewis Lisa has over 20 years of experience in tax preparation. Her success is attributed to being able to interpret tax laws and help clients better understand them. She has held positions as a public auditor, controller, and operations manager. Lisa has appeared on the Steve Harvey Show, the Ellen Show, and major news broadcast to break down tax laws and help taxpayers understand what tax laws mean to them. For Lisa, getting timely and accurate information out to taxpayers to help them keep more of their money is paramount. More from Lisa Greene-Lewis Follow Lisa Greene-Lewis on Twitter. 3 responses to “3 Key Tax Reform Changes and Facts for Self-Employed [Infographic]” Has TurboTax been updated to take the qualified business income deduction, sec 199A? Reply if self employed/Independent contractor uses car to and from work site. I believe cannot deduct mileage expense. Can they deduct depreciation on car? and other expense? Reply When will personal/biz software be updated so that QBI from a partnership K-1 will flow direct to Line 9 on Form 1040? Reply Leave a Reply Cancel reply Browse Related Articles Self-Employed Self Employed: Living and Working Abroad? Here’s What… Investments What is a Bear Market and What Does it Mean to You? Income and Investments 4 Summer Activity Ideas That Won’t Break the Bank Tax Planning Everything You Need to Know About Property Taxes Self-Employed Self-Employed? Quarterly Tax Date Deadlines for Estimat… Income and Investments Recent Grad? Here are Four Reasons to Start Saving Now … Investments Real Estate Taxes vs. Property Taxes Retirement So You’re Thinking About Retiring One Day? Self-Employed Self-Employed Tax Tips & Summer Jobs Work So You’re Crossing State Lines?
if self employed/Independent contractor uses car to and from work site. I believe cannot deduct mileage expense. Can they deduct depreciation on car? and other expense? Reply
When will personal/biz software be updated so that QBI from a partnership K-1 will flow direct to Line 9 on Form 1040? Reply
