This spring, taxpayers will file their first returns since Congress overhauled the tax code a little over a year ago. Freelancers could find a lot to cheer. One of the 2017 Tax Cuts and Jobs Act’s biggest perks is a new 20% deduction on so-called pass-through, or qualified business, income available to anyone who is the owner of an LLC or an S corporation, a partner, a sole proprietor, or a gig-economy worker. The deduction, which is available even to workers who also take the standard deduction, means a single freelancer with no kids making $50,000 […]
