| Many people who work from home don't take all the | | | | 55 cents for every business mile that you drive. That |
| tax deductions they are entitled to. Maybe because | | | | can add up quickly! Commuting miles don't count as |
| they think they are too complicated, or don't apply to | | | | business miles, but because your commute is just |
| them. But the savings from these tax deductions alone | | | | down the hall you will be creating a tax deduction the |
| can be substantial. They will most certainly pay for | | | | minute you leave your driveway! |
| professional tax preparation. So don't let a lack of | | | | 3. Computer and Internet Connection You may be able |
| knowledge keep you from taking these lucrative tax | | | | to deduct a portion of the cost of your computer, and |
| deductions for home based businesses. | | | | your internet connection. You will need to keep a log |
| 1. Home Office Expenses You don't have to have a | | | | showing how much of the time you use your |
| separate room with a door. Any space in your home | | | | computer and internet connection for business, and |
| that you use regularly and exclusively for business can | | | | how much of your use is personal. |
| qualify you for the home office deduction. If you qualify | | | | Now all of these deductions will require some research |
| you will be able to deduct a portion of your housing | | | | to make sure that you follow all of the IRS's |
| costs, rent or mortgage interest, utilities, and even | | | | requirements, however, by taking every deduction you |
| some home improvements. | | | | are entitled to you will save yourself a lot of money at |
| 2. Auto Miles For 2009 you will be allowed to deduct | | | | tax time. |