Hustling from home and want to maximize your tax return? đ° The home office deduction could be your secret weapon! 𼡠But what exactly can you claim?
Here's the lowdown on deductible home office expenses:
Rent or mortgage interest: If you're renting, you can deduct a portion based on your home office square footage. Homeowners can deduct a portion of their mortgage interest.
Utilities: Split those electricity, heating, and internet bills!
Office supplies: Pens, paper, printer ink - it all counts!
Home office equipment: Your desk, chair, computer, and even that fancy ergonomic keyboard can be deducted.
Repairs and maintenance:Â Keep those receipts for fixing your home office space.
Remember, you need to use your home office exclusively and regularly for business.
Tag a friend who needs to know this!
Hashtags:Â #homeoffice #millennialmoney #taxtips #sidehustle #workfromhome #financetips #taxseason #adulting
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