#1238 - Q&A: What are some common tax deductions for side hustlers?
Side Hustle School
Chris Guillebeau
4.7 • 3.3K Ratings
🗓️ 22 May 2020
⏱️ 7 minutes
🧾️ Download transcript
Summary
Let’s talk about taxes! Love them or hate them … well, I don’t think anyone really *loves* them. Good news: when you operate a side hustle, you may be able to deduct a lot of expenses from your personal tax return.
Side Hustle School features a new episode EVERY DAY, featuring detailed case studies of people who earn extra money without quitting their job. This year, the show includes free guided lessons and listener Q&A several days each week.
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Side Hustle School features a new episode EVERY DAY, featuring detailed case studies of people who earn extra money without quitting their job. This year, the show includes free guided lessons and listener Q&A several days each week.
Show notes: SideHustleSchool.com
Email: team@sidehustleschool.com
Be on the show: SideHustleSchool.com/questions
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Visit Chris's main site: ChrisGuillebeau.com
Read A Year of Mental Health: yearofmentalhealth.com
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Transcript
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| 0:00.0 | Hey there, what's up? |
| 0:06.4 | Thank you so much for listening. |
| 0:07.5 | My name is Chris Killabo. |
| 0:08.5 | So glad you're out there. |
| 0:10.4 | Wow. |
| 0:11.1 | So much continues to happen in the world. |
| 0:13.4 | I don't know what I could say about that. |
| 0:14.6 | I mean, do you just keep refreshing the news all the time |
| 0:17.1 | or do you just kind of keep your head down? |
| 0:19.2 | Maybe it's somewhere in the middle. |
| 0:21.0 | I think whatever the answer is for you, part of that answer |
| 0:23.7 | is, what can I do for myself? |
| 0:26.1 | How can I do what is within the limited scope of my control? |
| 0:29.2 | I have to look after myself, try to build this business, |
| 0:31.3 | try to create more security for myself |
| 0:32.8 | so that I can do more things for others. |
| 0:34.6 | These things are all connected. |
| 0:36.1 | Now, with that inspirational pep talk out of the way, |
| 0:38.3 | let's talk about something really sexy, taxes. |
| 0:41.2 | OK, right. |
| 0:42.3 | Yeah, that is tax. |
| 0:42.9 | OK, a little bit of a let down there. |
... |
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