Commonly overlooked tax deductions

Deductions for the self-employed If you're self-employed, you can deduct one-half of your self-employment taxes. You can also deduct the health insurance premiums and contributions to Keogh, SEP and SIMPLE retirement plans from your gross income. This adjustment is available only on Form 1040 .

Deductions for the self-employed

If you're self-employed, you can deduct one-half of your self-employment taxes. You can also deduct the health insurance premiums and contributions to Keogh, SEP and SIMPLE retirement plans from your gross income. This adjustment is available only on Form 1040.

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