Home-based tax deductions

Allowable Tax Deductions for Working from Home

1. Home Office Expenses (Only if you have a dedicated area used exclusively for work) Portion of rent or bond interest (based on square meter % of your office area) Rates & taxes (property taxes, waste removal, etc.) Electricity and water (proportional) Internet expenses (based on business use %) Cleaning costs for the office space… Continue reading Allowable Tax Deductions for Working from Home