Anonymous wrote:
Anonymous wrote:Any tips on what is tax deductible? DH will be working from home 100% soon in a bedroom we're using as an office. I've heard certain things (Internet usage, electric bill percentage,etc) are tax deductible but want to know what receipts to save. Are things like a printer for him to use (company doesn't provide) something? Any tips are appreciated!!!
Internet usage certainly won't be if you're also using the same connection to hop on to DCUM
He can do 100% but it will also be based on hours of work as well as pro rating certain things not solely used for his business.
With my daycare for instance. I can deduct a certain percentage of internet, phone, utilities, etc. I may use 100% of my home but I am not open 24 hours a day, and my internet, phone and utilities are also used for personal use obviously. So they do a time percentage thing. I have an accountant do my taxes. Anything he buys directly for business - office supplies like paper, ink for the printer, a printer itself, a computer, desk, etc is 100% deductible.