Taxes: Home Based Business Tax Deductions
By Glycodoc
The majority of articles on the benefits of a home business don't often talk about the subject of taxes and how you can actually save money if you have knowledge of all the tax benefits offered a home based business. Online or off.

What most people are not aware of is that even a small home business can actually save you hundreds, even thousands of dollars in tax deductions. We all have to and should pay our taxes. But as Ronald Mueller, MBA, PhD says: "It's how much you keep that counts, not how much you make".


Small Businesses Create 70% of the U.S. Job Growth

Even a small part-time business can qualify for more tax benefits than any other category of taxpayer. As president George W. Bush said "Small Business is the backbone of the American economy".

These Are Legitimate Tax Breaks

1. Authorized by the U.S. Congress
2. Publishes in the IRS code
3. Approves by the Federal Tax Court rulings

What Are Some Legal Business Deductions?

1. Business use of your car or truck
2. Cell phones and other electronic devices
3. Business travel with family
4. Portion of your rent or mortgage, repairs, home maintenance
5. Gas, electric, other utilities
6. Meals, entertainment
7. Computers, equipment, furniture
8. Marketing tools, supplies, meetings
9. Have your children or grandchildren work in your business
10. Many other deductions are available

How Do You Qualify For These Tax Deductions?

1. Have a legitimate