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The Presidency of the School of Education – 2021-07-13
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Two career consultants and an economist said they’ve observed a shift in what Americans are seeking from their work over the past year. “We’ve been through a period of so much stress and uncertainty, and it’s made people really pause and consider what they want their lives to look like as things move back toward normal,” Alison Green, a work advice columnist who runs the blog Ask a Manager, wrote in an email to the PBS NewsHour. Green said she’s received letters from people hoping to find new, more flexible jobs in the same field, or rethinking their careers entirely.
Even when income from mostly passive activities — like renting out your personal possessions — is classified as self-employment income, you can qualify for tax breaks that are likely to drastically cut Uncle Sam’s take. Specifically, self-employed individuals can deduct all the expenses required to earn this income before determining the taxable portion of the revenue. There’s also a special 20% deduction that further reduces the taxable portion of self-employment income, Luscombe says. But you should seek professional tax guidance to determine which rules affect which forms of your revenue. The U.S. tax code is complex and full of land mines.
Type of bonus
