Uploaded April 2024 | Updated September 2026, 1 week ago
Discover simple, expert tips on filing taxes for your side hustle with my new course. Get clear, actionable advice today! Visit here for more details: noellorenzanacpa.com/how-to-file-taxes-for-your-side-hustle
đ Freelancers & Side Hustlers: Simplify Your Taxes! Download My Ultimate Guide to Side Hustle Taxes Now!
noellorenzanacpa.com/opt-in-filing-taxes-and-saving-money-ebook
You've made it to the final installment of our three-part series, and you're on the right track to becoming side hustle tax savvy!
In this concluding five-minute video, we're diving into two key areas that can save you big bucks on your tax return: business mileage and the home office deduction. I'll show you the most straightforward way to deduct your business mileage and how to properly take advantage of the home office deduction.
If you haven't yet watched parts one and two, they are must-see videos for anyone serious about optimizing their side hustle finances. Part one covers reporting income and business expenses, and part two teaches you how to track income and expenses, as well as audit-proofing your deductions.
â Buy Me a Coffee: Help support the channel!
buymeacoffee.com/NoelLorenzana
Hi, I'm Noel Lorenzana, a Registered CPA based in Illinois. I created this channel to help everyday people better understand money, protect their wealth, and prepare for whatever comes next through thoughtful discussions about gold and silver, wealth management, and tax strategy.
On, this channel, I simplify taxes for your business and offer tax tips for you! Let me know if there is anything you would like me to discuss. Feel free to connect with me on Social Media.
â CONNECT WITH ME ON SOCIAL MEDIA â
Website: noellorenzanacpa.com
Facebook: web.facebook.com/noelblorenzana
LinkedIn: linkedin.com/in/noellorenzanacpa
đ„ RECOMMENDED VIDEOS đ„
youtu.be/6AzQS9keLDo
youtu.be/ij7p2vXMsVM
youtu.be/DiecQ7V6G30
Thanks for watching my video on, Side Hustle Taxes: Deducting Business Mileage, and Home Office Deduction (Part 3)
Disclaimer: The information presented in this video is for informational and educational purposes only and should not be considered accounting, tax, legal, financial, or investment advice. Watching this video does not create a client relationship. While I strive for accuracy, I cannot guarantee that all information is complete, current, or applicable to your specific situation. Always consult with a qualified professional before making financial, tax, or investment decisions.
Affiliate Disclosure: Some links in the description may be affiliate links, which means I may earn a commission if you purchase through them at no additional cost to you. I only recommend products and services that I have personally researched, use, or believe provide genuine value to my audience.
â±ïžVIDEO CHAPTERSâ±ïž
00:00 - Side Hustle Taxes Part III: Deducting Business Mileage and Home Office Deduction
01:21 - How to Deduct Business Mileage for Side Hustle?
01:54 - The Standard Mileage Rate Method
03:07 - How Do You Take The Home Office Deduction on Your Tax Return?
03:26 - Home Office Deduction: Exclusive and Regular Use
03:55 - Home Office Deduction: The Simplified Method
04:39 - Form 8829: Expenses for Business Use of Your Home
05:11 - Ultimate Guide to Side Hustle Taxes
Replay Video Link: youtu.be/MEQD6VgwjGQ
#sidehustletips #businesstaxes #smallbusinesstaxes
Discover simple, expert tips on filing taxes for your side hustle with my new course. Get clear, actionable advice today! Visit here for more details: noellorenzanacpa.com/how-to-file-taxes-for-your-side-hustle
đ Freelancers & Side Hustlers: Simplify Your Taxes! Download My Ultimate Guide to Side Hustle Taxes Now!
noellorenzanacpa.com/opt-in-filing-taxes-and-saving-money-ebook
You've made it to the final installment of our three-part series, and you're on the right track to becoming side hustle tax savvy!
In this concluding five-minute video, we're diving into two key areas that can save you big bucks on your tax return: business mileage and the home office deduction. I'll show you the most straightforward way to deduct your business mileage and how to properly take advantage of the home office deduction.
If you haven't yet watched parts one and two, they are must-see videos for anyone serious about optimizing their side hustle finances. Part one covers reporting income and business expenses, and part two teaches you how to track income and expenses, as well as audit-proofing your deductions.
â Buy Me a Coffee: Help support the channel!
buymeacoffee.com/NoelLorenzana
Hi, I'm Noel Lorenzana, a Registered CPA based in Illinois. I created this channel to help everyday people better understand money, protect their wealth, and prepare for whatever comes next through thoughtful discussions about gold and silver, wealth management, and tax strategy.
On, this channel, I simplify taxes for your business and offer tax tips for you! Let me know if there is anything you would like me to discuss. Feel free to connect with me on Social Media.
â CONNECT WITH ME ON SOCIAL MEDIA â
Website: noellorenzanacpa.com
Facebook: web.facebook.com/noelblorenzana
LinkedIn: linkedin.com/in/noellorenzanacpa
đ„ RECOMMENDED VIDEOS đ„
youtu.be/6AzQS9keLDo
youtu.be/ij7p2vXMsVM
youtu.be/DiecQ7V6G30
Thanks for watching my video on, Side Hustle Taxes: Deducting Business Mileage, and Home Office Deduction (Part 3)
Disclaimer: The information presented in this video is for informational and educational purposes only and should not be considered accounting, tax, legal, financial, or investment advice. Watching this video does not create a client relationship. While I strive for accuracy, I cannot guarantee that all information is complete, current, or applicable to your specific situation. Always consult with a qualified professional before making financial, tax, or investment decisions.
Affiliate Disclosure: Some links in the description may be affiliate links, which means I may earn a commission if you purchase through them at no additional cost to you. I only recommend products and services that I have personally researched, use, or believe provide genuine value to my audience.
â±ïžVIDEO CHAPTERSâ±ïž
00:00 - Side Hustle Taxes Part III: Deducting Business Mileage and Home Office Deduction
01:21 - How to Deduct Business Mileage for Side Hustle?
01:54 - The Standard Mileage Rate Method
03:07 - How Do You Take The Home Office Deduction on Your Tax Return?
03:26 - Home Office Deduction: Exclusive and Regular Use
03:55 - Home Office Deduction: The Simplified Method
04:39 - Form 8829: Expenses for Business Use of Your Home
05:11 - Ultimate Guide to Side Hustle Taxes
Replay Video Link: youtu.be/MEQD6VgwjGQ
#sidehustletips #businesstaxes #smallbusinesstaxes
