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IF You Don't Have A Home Based-Business, You're Paying Way Too Much Taxes!!!
Congress has approved major tax breaks specifically for those who have a home based-business, because home-businesses play an important role in stimulating and supporting the American economy. The tax benefits to home-based businesses tend to change frequently, and when they do change, they seem to just keep getting better and better. If you do not have a home business you lose-out on HUGE tax deductions. Period.
Having a Home Office can allow you to convert thousands of dollars worth of normal non-deductible personal expenses, into tax-deductible business expenses. They include a portin of your Mortgage or Rent (yes, Rent can be decductible!), heating, air conditioning, electricity, natural gas, oil, water, sewer, trash collection, recycling fees, HOA dues, house cleaning, exterior painting, security alarms, maintenance costs, home repairs and much more!
The rules are simply (1) Work your Business 4 to 5 hours a week on a regular and Consistent Basis. (2) Show intent to produce a profit. and (3) Keep good Records.
