Internet and Phone Bills Deduction

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Additionally yourhome office must be your principal place of business. Even if you conductbusiness at another location you may still be eligible for the home officededuction if you use your home to do business regularly. For example if youcarry on business at another location but regularly meet with clients orcustomers in your home you could be eligible to deduct home office expenses.However if the use of your office space at home is more for your conveniencecosts may not be deductible.

If you qualify thehome office deduction is based on the percentage of space devoted to conductingbusiness. For example if you live in a -square-foot home and use a room thatis  square feet as your office you Thailand Phone Numbers 55 Million List  coulddeduct % of relevant expenses. .  If you useyour personal cell phone or internet connection for business you can write offpart of your monthly bill. Like your home office deduction apply the percentageattributed to business use to calculate your deduction.

. Vehicle UseDeduction You can take a tax deduction if you use your vehicle for business.The deduction for utilizing your vehicle may be calculated one of two waysstandard mileage or actual expense. Standard mileage rate Multiply yourbusiness miles for the year by the standard mileage rate of .. Actual expensemethod You deduct the business portion of the vehicle costs incurred for theyear. Vehicle costs include gasoline insurance repairs and fees.