Why W-2 employees have fewer deductions than business owners

Name: Why W-2 employees have fewer deductions than business owners
Duration: 65 s
Description: W-2 income is taxed at the top, but a side business lets you deduct expenses and save more for retirement before paying tax.

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Wondering why your W-2 paycheck doesn't come with the write-offs business owners brag about? TJ explains the fundamental difference: employees pay tax on what they earn, while business owners pay tax on what's left after expenses and retirement contributions. If you're looking to keep more of your money, he points to one path worth considering.

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