Скачать или смотреть How Can You Find Non-obvious Home Office Deductions? - Tax and Accounting Coach

How Can You Find Non-obvious Home Office Deductions? Are you aware that there are often overlooked deductions available for your home office? In this video, we'll explore how to identify and claim those less obvious expenses that can help reduce your tax liability. We'll explain various strategies to uncover hidden savings that many people miss when doing their taxes. You’ll learn about the types of expenses that can be partially or fully deducted, including indirect costs like mortgage interest, property taxes, utilities, and insurance. We’ll also cover how to handle home improvements, repairs, and the use of separate structures like garages or sheds for work. Additionally, discover how equipment, supplies, and internet expenses can contribute to your deductions. If you travel for work, we’ll explain how mileage and travel costs can be deducted from your home. For those who are self-employed, there are options to deduct health insurance premiums and retirement contributions related to your business. To maximize your deductions, it’s essential to keep detailed records of all expenses, bills, and mileage logs. We’ll compare different methods to claim these deductions, including simplified and regular approaches. By paying attention to these often-overlooked details, you can lower your taxable income and save money during tax season. Join us to learn how to find these hidden deductions and make the most of your home office setup.

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About Us: Welcome to the Tax and Accounting Coach channel! Our mission is to make tax and accounting topics approachable for everyone, whether you are a small business owner or someone looking to improve your personal finance skills. Here, you'll find content covering tax deductions, accounting basics, small business taxes, and practical tips for tax filing and bookkeeping essentials. We also share insights on IRS regulations, financial statements, and effective tax planning strategies to help you stay compliant and financially savvy.