So in this video we are going to break down. How you can get the IRS to pay your rent well at least a portion of your rent or mortgage if you haven’t realized the United States Tax Code is directed towards the business owner not for the employed workers.
You get taxed the most if you only have a job. There is a easy way to take advantage of this tax code. Start a business and you don’t have to be profitable or any of that.
As long as your business is operated out of your current home you can actually claim a portion of your home on your taxes as long as you have a dedicated home office space.
Before we get started with the full breakdown if you want to learn more tax code tricks and ways to build income online check out the Wealthbuilderz System dot com.
The steps you use to figure out how much the IRS is going to pay your rent is easy you divide the area of space by the area of apartment or home to get the % of square footage that your home office uses.
Then you take that % and multiply times your rent or mortgage for example lets say you use up 25% of the home for your home office then you multiply it times the rent so if your rent is $4k and you use 25% of your home for the home office then the equation would 25% x $4k = 1k.
So you will be able to write off $12,000 per year in taxes. Among the furniture or maybe the phone line if you have a direct business line. All this stuff you can write off on taxes like I said if you want to learn more about ways to lower your taxes as a small business owner check out the Wealthbuilderz System dot com.
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