Big Savings on Taxes through Hobbies

There are actually several ways that you can turn that favorite pastime into a tax-deductible activity. Most taxpayers have no idea that they can write off time and money spent pursuing a passion if they frame it in the correct way on their return. This article gives several great tips on making your hobby work for you at tax time. It doesn’t involve any sleight of hand, either, just prudent record-keeping and an understanding of how that given hobby is used to generate income, yet can be costly in time and upfront expense. Read full article here.

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