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Question
What kind of tax write offs can i do if i started a home based business ?
Im looking to start a small home based business. I am a single mother with two small girls. I lost my job as a semi truck driver in the oilfield in may, and would like to start something i can do at home, so i can stay with my children. I've heard that you can claim a certain portion of your house, and are there other things you can claim on your taxes when having your own business ?? like advertising ?? or materials i need to buy to operate my business ?? Money is so tight, so any way that i can save a buck or two would really help ! ANY info is really appreciated !! Thank you !!
4 months ago - 4 answers
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by izo h
4 months ago
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Other Answers
you can get a publication from IRS(#34) by accessing their web site, www.irs.gov and requesting it only the portion of your home that is used for the business is deductible and if anything of a personal nature is in that room it is disqualified you can take the % of that room to your whole house on some expenses and that would be on a form 8829(also available at IRS)
by tro- 4 months ago
In the overview for my home based wireless business, they cover some of the tax advantages for owning a home based businesses. The link is in sources, below
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