ilmscore | Prediction Details
"you can take a portion of your home office now your home office you could take the standard uh rate of your it's a simplified method rate based on the square footage of your office in comparison to your home or you could take the actual expense method which means you could take a portion of your mortgage your utilities your repairs your construction uh part of your interest as a deduction but it's subject to the square footage of your home"
By Minority Mindset | June 9, 2024 | Pending
From video
How Rich People Use Debt & Taxes To Get Rich(er) 00:50:13 - 00:50:38
Interpreted Prediction
Home office deductions can be calculated using a simplified method based on square footage or an actual expense method, including a portion of mortgage, utilities, and repairs, subject to the dedicated office space's size.

Prediction Details

Topic
Home Office Deduction Rules

Comments

0 comments

Be the first to share your thoughts.

Like this prediction?

Join to make your opinion count.