San Diego, CA (WorkersCompensation.com) – New reforms to the tax laws may spur growth in the gig economy, some experts say.
Within the Tax Cuts and Jobs Act of 2017 was a provision which will allow sole proprietors to deduct 20 percent of their annual revenue from their taxable income.
Analysts say the tax savings could be up to $15,000 for working couples, enough to entice employees to become independent contractors.
“If you’re above the median, but not at the very, very ...
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