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5 tax breaks for the self-employed

from The Motley Fool via USA Today

If you're self-employed, your tax burden can be rather steep. Not only do you have to pay income tax on your business profits, but you also have to pay the self-employment tax to cover both sides (employer and employee) of the Social Security and Medicare taxes. Fortunately, there are many tax breaks specifically designed for the self-employed, and here are five of the best ones, as described by our contributors. more


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