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Released: July 09, 2011
Home office 101: The ins and outs of taxes and regulations
Source: The Washington Post
While quality-of-life reasons may help explain why roughly half of U.S. businesses are home-based, there are plenty of financial reasons to go the “homepreneur” route. If you use a part of your home for business, you may be able to deduct expenses from your federal income tax, including mortgage interest, insurance, utilities, repairs and depreciation of the business portion of your home.Read Full Article: Home office 101: The ins and outs of taxes and regulations
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