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7 Income Tax Return Tips for Home Based Businesses

You may be thinking about starting a home business but aren’t sure how much money you should expect to earn. We have some helpful information that will help you figure out whether your home business qualifies as a hobby or a business.


Be Careful with Depreciation Deductions.


If you use your home office space for work, you may be able to deduct certain expenses related to your home office. However, you must meet several requirements before you can claim these deductions.





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