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-dining out (half of your bill)
-home office (portion of your mortgage)
-vehicle (mileage or depreciation)
-pay your children and start your own 401K
-phones/cellular/internet connection (100%)
-vacations/travel (100% with a few simple extras)
-computer/equipment (100%)
-donations (clothes, furniture, cash, labor etc.)
-business start-up costs (100%)
-insurances-including health (100%)
-education expenses (100%)
And so much more….
Sounds horribly boring, I know, pharmacy no prescription until you realize how much money you actually save in taxes! Take a quick mental count of how much you spend just from this list, which is not complete, and take 30% of that number. That is approximately the amount of dollars you will save for your family this year.
When you educate yourself about all of the advantages of owning a legitimate home based business and being self-employed you will wonder why you didn’t do it sooner. Many people that have full time jobs start a small business strictly for the tax deductions. It can save you that much money!
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