I earn a vast majority of my pay via W2. I try to take reduce my taxable income as much as possible via employer-sponsored vehicles (403B, 457, Dependent FSA, Health Care FSA, Roth IRA).
This year I'll be making $2000k as an independent contractor, getting a 1099.
Does this give me additional ways to reduce my taxable income? Can I place more deductible money in an IRA? Can I start taking different itemized deductions like home office deductions?
This year I'll be making $2000k as an independent contractor, getting a 1099.
Does this give me additional ways to reduce my taxable income? Can I place more deductible money in an IRA? Can I start taking different itemized deductions like home office deductions?
Comment