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Let’s take a look at the expenses that you can deduct as a tutor from your income. Deduct these expenses which are directly related to your tutoring work from the income you earn –
So from your Gross Income from Tutoring you can reduce the Expenses which are listed above and this will give you your Net Income. This is the income you’ll offer to tax. This is the income of your Freelancing work of tuitions. Want to understand in detail about Taxes for a Freelancer – read our very detailed guide here. Wait until our next post to understand how much tax you need to pay and how to claim deductions and save tax. Write to us firstname.lastname@example.org if you have any questions! See you soon!