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The Tax
Code Provides Home-Based Business Owners
with 125+ Extra Deductions!
Here are
some potential tax deductions for Home-Based
Business owners:
-
Portion of monthly rent or mortgage
payments, and the same portion of
home utilities
-
Mileage or actual auto expenses
related to business
-
Children ages 7 to 17 as employees
of the home based business. This is
above the dependent deduction, and
was $5,350 per child in 2007
-
Meals and travel related to business
-
The costs of business including
supplies, phone, equipment, books,
etc.
Why Start a Home-Based Business?
In addition to the
tax deductions...
-
People who operate businesses from
their home can get much bigger tax
refund checks
-
Earn extra income
to help offset rising costs such as
gas and food
-
People with
part-time home based businesses have unlimited
income potential
- Reach the
goals you have been dreaming about
and take control of your financial
future
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