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
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