Question

People who are self-employed don't have deductions. True or False?

Answer 1

People who are self-employed DO have deductions so the answer is False....they do!!

Answer 2

The following statement is False.

Explanation:

If you have self-employment income, you can take the deduction for health insurance expenses incurred for yourself, your spouse, and your dependents.Since self-employed workers pay the entire tax for Medicare and Social Security.

Hence, the given statement:

People who are self-employed don't have deductions is clearly a False statement.