Comments on: Home Business Tax Deductions

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By: Dave Cook

Dave Cook — Wed, 14 Apr 2010 17:14:57 +0000

Hi Bill, Dawn here. Thanks for your comment, but I wanted to say that you may be missing out on more tax savings now by not taking the home office deductions compared to the tax implications upon sale. Some of the deductions that you are allowed now have no impact on the taxes you’ll incur when you sell your home. I hope you will consider it further and get some good tax guidance.

By: Bill Cowan

Bill Cowan — Wed, 14 Apr 2010 14:04:32 +0000

Thanks Dave, I do a lot of these but I’ve purposefully left out my home deduction so that when it comes time to sell, I don;t have any worries s about the tax implications
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By: Dennis

Dennis — Sun, 14 Mar 2010 21:13:21 +0000

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By: Brad

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By: Camper Trailer Brisbane

Camper Trailer Brisbane — Thu, 11 Mar 2010 11:25:16 +0000

I thought this article was a good heads up of things to consider when operating a day home. I found it informative and will keep in mind many of the things mentioned.

By: Kid’s summer camp

Kid’s summer camp — Wed, 10 Mar 2010 12:40:31 +0000

Home business tax deductions are one of the greatest benefits of having your own home based business. Many home business entrepreneurs never really take full advantage of all the deductions available for them. Mostly this is because they may not understand or know about all the home business tax deductions available for them.
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By: ok magazine

ok magazine — Thu, 04 Mar 2010 10:54:05 +0000

Business use of the home deduction for a daycare may be determined by the following equation: Percentage of a week’s hours that home daycare is open for business, multiplied by the percentage of the house that is used for childcare, equals the percentage of the direct expenses that can be taken as a deduction.

By: PCB

PCB — Thu, 25 Feb 2010 16:28:25 +0000

I have enough to itemize deductions, as opposed to taking the standard rate. The service is used for business and personal use.

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