Why self-employment gives you more tax deductions than a W-2

Name: Why self-employment gives you more tax deductions than a W-2
Duration: 53 s
Description: W-2 workers have limited write-offs while business owners can deduct travel, phones, and expenses used to run their lives.

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W-2 employees have limited deduction options—maybe kids, credits, big donations, or mortgage interest. Run your own business, though, and suddenly travel, cell phones, and other everyday expenses become write-offs. TJ explains why self-employed folks often pay less tax on the same income and what that means for your situation.

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