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How to Write Off Rent (Legal Loophole to save on taxes) 1. Start small business or side hustle 2. Use room in your apartment/ house as a home office" 3. Divide office space by total square footage of your home 4. If your office is 100 sq ft in a 1,000 sq ft apartment, that's 10% 5. You can deduct 10% of rent 6. If your rent is $3,000, 10% is $300/month in tax deductions The tax code is full of strategies that can legally save you thousands. | Josh Rincon
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How to Write Off Rent (Legal Loophole to save on taxes) 1. Start small business or side hustle 2. Use room in your apartment/ house as a home office" 3. Divide office space by total square footage of your home 4. If your office is 100 sq ft in a 1,000 sq ft apartment, that's 10% 5. You can deduct 10% of rent 6. If your rent is $3,000, 10% is $300/month in tax deductions The tax code is full of strategies that can legally save you thousands. | Josh Rincon
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From property tax deductions to home office write-offs to capital gains exclusions when you sell knowing your numbers matters. 💡 Here are a few homeowner tax benefits you should know about: ✔ Property taxes: You may be able to deduct a portion, depending on your location and filing status ✔ Home office deduction: If part of your home is used exclusively for business, you may qualify ✔ Certain home improvements: Some necessary upgrades can impact your tax situation ✔Mortgage interest: You may be
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