Why W-2 employees have so few tax deductions

Name: Why W-2 employees have so few tax deductions
Duration: 65 s
Description: W-2 income offers limited deductions, but a side business lets you write off expenses and save more for retirement tax-free.

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Wondering why your W-2 paycheck leaves you with almost nothing to write off? TJ explains the fundamental difference between how employees and business owners get taxed — and why that gap matters so much for building wealth. If you've been curious about starting something on the side, this lays out the tax math behind why it could change everything.

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