A friendly welcome to our new and returning community members. We’re so glad you’re all here!
We have another sweepstakes which means another opportunity to win a $100 gift card! This month, we’re discussing Maximizing Your Write-offs.
A write-off is a fancy way of saying business expense. This means that write-offs are exclusively for business expenses, not just any personal expense. That being said, there are some fun, and even juicy, write-offs you could look for as a solopreneur or entrepreneur. Some fun write-offs I appreciate are cell phone, education, home office, and even gifts! Side-note, you’re only able to write-off $25 per person per year in gifts :wink: so if you buy John a gift worth $50 (for referring customers to you) you’ll only be able to deduct $25 from your taxes. Even though it’s a small amount, all of these can really add up to significant savings!
So tell us: which write-offs are your favorite? Any user who comments about your favorite write offs on this post will be entered into a sweepstakes for a $100 gift card. A winner will be randomly selected on May 31, 2024. If you have questions about how tax deductions can affect your taxes, please join us for a LIVE Q&A on Wednesday, May 22nd any time between 9:00am and 5:00pm PT to ask Tax and Financial Experts your questions and get advice about taxes and personal finance, for free! Learn more and RSVP here.
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We will be hosting the Maximizing Yours Write-offs sweepstakes to give you, and others, the opportunity to share your favorite write-offs. One lucky winner will be chosen randomly to receive a $100 gift card.
- WHAT: Sweepstakes for a $100 gift card
- WHEN: Entries will be accepted from May 20, 2024 through May 31, 2024 at 5:00 pm Pacific Time
- HOW: Enter by adding a comment to this post sharing your favorite write-offs or experience with tax deductions. If you are the winner, we will notify you via email and private message. The winner will be selected at random on May 31, 2024
