Building Fortunes Radio With Host Peter Mingils

Peter Mingils and Courtney Epps Tax Advantages of Home Based Business on Building Fortunes Radio. https://networkleads.com Tax Advantages for Home-Based 1099 Entrepreneurs If you're a 1099 entrepreneur working from home, you may be eligible for significant tax deductions. The IRS allows you to deduct certain home expenses when you file taxes, provided you meet specific criteria. Your home office must be used exclusively and regularly as your primary place of businesshttps://www.irs.gov/newsroom/how-small-business-owners-can-deduct-their-home-office-from-their-taxes. This means a dedicated space for your work activities, which could lead to deductions for mortgage interest, insurance, utilities, repairs, and morehttps://www.irs.gov/taxtopics/tc509. Opting for the simplified deduction method, you can claim $5 per square foot of your home used for business, up to 300 square feet, capping at $1,500https://www.irs.gov/newsroom/how-small-business-owners-can-deduct-their-home-office-from-their-taxes. Alternativel