I work as a full time as a health-care employee earning 82,000 gross per year. I would like to start my own part time business doing handyman/automotive work while still working full time at my current job. This venture would require significant initial investment. If I take earnings from my current job and use them for investing in my own business in what way could this affect my taxes? (Benefit) For example could buying a $1,000 welder result in $___ less taxes.
Can investing in a personal business decrease taxes you pay from your salary?
- Thread starter Brett
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