Regular business expenses aside, there are also several other things you can deduct when the tax man comes around. Some of these are often overlooked, but can save you a lot of money. Below you will find some of the more unusual deductions you may be able to claim when tax time comes around.
Fortunately, there are several tax deductions you can make when the tax man comes around. Just make sure that you save all the necessary receipts and invoices and double check your deductions with your accountant. Here are some of the most obvious tax deductions for bloggers:
Believe it or not, saving for your child’s education – though very noble and generous of you – can actually be a terrible idea. Of course, this isn’t the case for everyone, but many of you will have to make the decision between saving for your child’s uni education or saving for your own retirement, in which case retirement always wins. Below you will find a list of reasons why saving for university may not be for you, none of which will make you a bad parent.
As unconventional as it may sound, it turns out that the best investment you will ever make is in your own health. When you really start to think about it, it’s an investment that basically requires no risk, is available to people of all financial backgrounds, and can actually save you a lot of money in the long run.