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The Truth About Home Office Deductions! ( Tax Free Living)
Manage episode 424858384 series 3282916
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In today's episode, Carter dives deep into the home office deduction, a powerful tax-saving strategy that's become highly relevant in our post-pandemic work-from-home era. Despite what you may have heard from outdated sources, this deduction is a legitimate way for business owners and 1099 contractors to reduce their taxable income. Carter walks you through the qualifications, dispels myths about audit risks, and provides a step-by-step guide on calculating your deduction using both the simplified and actual methods. Tune in to learn how to maximize your home office deduction and keep more money in your pocket for 2024!
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