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Money Guide for Self-Employed Parents

November 16, 2020

If you’re self-employed and a parent, you can qualify for a number of additional tax deductions and other benefits.

Most of the benefits derive from deductions and tax credits on your income tax. Deductible expenses include healthcare, childcare, and education—but as a parent, you could also qualify for special benefits. you can also save on tax money as a parent through other means. With this in mind, the following expenses could decrease your annual tax liability.

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