Paying 🏠rent can cut your tax bill

Rent prices are sky-high, but your taxes don't have to be! 💸 Turn your home office into a tax-saving haven. Here's how:

• Exclusive workspace: Your home office should be used only for business.

• Regular use: Consistent business activity is key.

• Principal place of business: If you meet clients or store inventory there, you're more likely to qualify.

Remember: You can only deduct a portion of your rent based on the size of your home office. Keep those measurements handy!

Tag a friend who needs to know this!

Hashtags: #taxtips #millennialmoney #homeoffice #renterdeduction #workfromhome #financetips #adulting