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Archived from the original on 4 May 2019
For example, if you own a business personally, you could be eligible to take deductions on your personal tax return that you would not be allowed to take as an employee. Jotika Teli, CPA Below are some expenses that can be deductible, but they come with specific conditions: Home office deduction: This deduction is a portion of your home expenses, like rent or mortgage interest, property taxes, and utilities, based on the square footage of space in your home you use exclusively for your home office for your self-employed business
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