Types Of Bankruptcy

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May 25th, 2007

Home Sweet Home-Office Tax Breaks

“You must have a space in your home you use regularly and exclusively for business”

As BlackBerrys and laptops proliferate, working from home becomes more practical. Adding to the appeal, you may be able to claim home office deductions.

Even if you don’t claim a home office, you can take business-related deductions. Those can include a business phone line and office supplies.

If you do qualify for home office treatment, you can write off a portion of your housing expenses, too. That can include part of your cost for utilities, home security, homeowners insurance and so on. Read more



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