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) Facebook Click to share on X (Opens in new window) X Click to share on LinkedIn (Opens in new window) LinkedIn Click to share on Pinterest (Opens in new window) Pinterest Click to print (Opens in new window) Print Written by TurboTaxLisa Published Jan 24, 2019 - [Updated 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. Previous Post New! TurboTax Tax Reform Calculator Educates on How Tax Reform… Next Post How Does the New Tax Law Affect My Health Insurance? 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 ReplyCancel reply Browse Related Articles Tax News Georgia State Surplus Tax Refund: Everything You Need to Know About the Rebate Life To Rent or to Own: The Ultimate House Debate Life Smart Shopping This Summer: Saving on Goods and Cars Latest News Arkansas Champions NIL State Tax Exemptions: What This Means for Student-Athletes and Schools Tax Tips TurboTax Up to 5-Day Early Refund Option: What You Need to Know Tax Help How to File a Business Tax Extension: Deadlines, Forms, and Penalties Tax Tips The White Lotus Tax Lessons: Navigating Gift Taxes, Lump Sum Payouts, Hush Money, and the IRS Tax Questions What Day Are Taxes Due? April 15! How to File for a Tax Extension or Pay Taxes Online Tax Questions What Happens If You File Your Taxes Wrong? Late Filing Penalties, Interest, and More Tax Questions What’s Tax Deductible? A Guide to Mortgage Interest, Long-Term Care, Funeral Expenses, Student Loans, and Roth IRA Contributions
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