{ "media_type": "text", "post_content": "What are some things you guys write off in taxes other than the obvious income, health insurance, investments and student loans?", "post_id": "56e0f82873a5820e004bca0d", "reply_count": 16, "vote_count": 3, "bowl_id": "552d1d24dc1c586b09d2d051", "bowl_name": "Consulting", "feed_type": "crowd" }
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What are some things you guys write off in taxes other than the obvious income, health insurance, investments and student loans?

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My side consulting biz... Where I can write everything off 😉

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I use everything. I start working from bed. Then move to the kitchen to make lunch. And then spend the rest of the day in the living room working.

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Lol! Market size it! If you work 2hrs from home every day mon-thurs + every Friday, then you can write off pretty much 2 days per week

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I gave my accountant an excel spreadsheet with my calculations 😂

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Childcare :)

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Anything for a home office/ WFH. Even part of your rent!

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You calculate the % of your apartment that you use for work * monthly rent

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So if I work from home on Fridays I can write off 4 days of rent a month?

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Yes but I think only if you're using your entire apartment. Let's say you just use one room, which is an office = 1/4 of your apartment space, then you can write off that space

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Ha! My accountant is going to hate me. Is there some sort of documentation of sorts I need to provide?

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Donations

Kpmg tell us more:)

Daycare for my kids.

Pwc1-How do you work in your rent?

Or how would I add in late nights after I've left the office working from home after

(That sentence wasn't English lol. Haven't had my coffee yet. Sorry! Don't judge! )

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