ilmscore | Prediction Details
"when you own your own business you get to qualify for What's called the ordinary and necessary deduction so I want to talk about that the ordinary and necessary deduction says that you get to deduct expenses from your Revenue before you pay taxes for things that are ordinary and necessary for you to run your business"
By Minority Mindset | November 6, 2024 | Pending
From video
IRS Releases New Tax Brackets For 2025 - What This Means For You 00:16:41 - 00:16:58
Interpreted Prediction
Business owners can deduct expenses that are ordinary and necessary for operating their business before calculating taxes.

Prediction Details

Topic
Ordinary and Necessary Business Deductions

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