Home Office Deductions_ Expenses (HOMES)

Welcome Tax No Tuesday!!

Our 4th week series of Home Office Deductions. On this two-minute episode, we will go over on letter E which stands for Expenses of your Home Office.

There are two types of expenses:

1. Direct which are expenses directly affect the only the part of your home used for business.

2. Indirect are expenses that relate to the entire home, such as, utilities, insurance, and rent.

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