Electric Bill - Working at home... can you? - GoFuckYourself.com

V_RocKs · 07-12-2006, 06:29 PM

Deduct any portion of your electric bill when you work from home?

If I was not here, I'd be in a nice cushy office with my company sporting the bill... So since I work from home, can I deduct a portion?

ProjectNaked · 07-12-2006, 06:47 PM

Yes - measure your office and then find the percentage against the total of the house. You can then take that percentage off of your bills, electric, gas, water, phone, etc... usually like 10-15 percent. Call an accountant to be sure, it may be different in different states.

munki · 07-12-2006, 06:49 PM

Any costs involved in your ability to conduct business can be written off to an extent... Gas, rent or mortgage... etc..

ProjectNaked · 07-12-2006, 06:57 PM

forgot to add that you can deduct the percentage from the monthly rent also / not sure if you own -

V_RocKs · 07-12-2006, 11:43 PM

Sweet... I also heard I can deduct medical and life insurance... anyone have a clue or currently do so?

CamsLord · 07-13-2006, 12:11 AM

u can pretty much deduct anything thats related to your business, even the chair, desk, computers

nekrom · 07-13-2006, 12:21 AM

Yup down here in Aussie land you can do elec, gas, morguage, etc etc. You can also get back a % of your own money you may be paying into a superannuation fund.

-N

woj · 07-13-2006, 03:13 AM

Quote:

Originally Posted by MikyMunki

Any costs involved in your ability to conduct business can be written off to an extent... Gas, rent or mortgage... etc..

thaifan99 · 07-13-2006, 03:16 AM

100% yes.

Sosa · 07-13-2006, 06:23 AM

Go talk to your accountant..

07-12-2006, 06:29 PM	#1
V_RocKs Damn Right I Kiss Ass! Industry Role: Join Date: Dec 2003 Location: Cowtown, USA Posts: 32,409	Electric Bill - Working at home... can you? Deduct any portion of your electric bill when you work from home? If I was not here, I'd be in a nice cushy office with my company sporting the bill... So since I work from home, can I deduct a portion?

07-12-2006, 06:49 PM	#3
munki Do Fun Shit. Industry Role: Join Date: Dec 2004 Location: OC Posts: 13,393	Any costs involved in your ability to conduct business can be written off to an extent... Gas, rent or mortgage... etc.. __________________ “I have the simplest tastes. I am always satisfied with the best.” -Oscar Wilde

07-13-2006, 12:11 AM	#6
CamsLord Confirmed User Join Date: Jun 2006 Posts: 3,663	u can pretty much deduct anything thats related to your business, even the chair, desk, computers __________________ sig for sale - pornpicz(at)gmail.com

07-13-2006, 03:16 AM	#9
thaifan99 Confirmed User Join Date: Jul 2003 Location: London UK Posts: 3,029	100% yes. __________________ ARE YOU A FAMILY MEMBER? CLICK HERE TO FIND OUT!

07-12-2006, 06:47 PM	#2
ProjectNaked Confirmed User Join Date: Jul 2004 Location: Detroit Areola Posts: 4,309	Yes - measure your office and then find the percentage against the total of the house. You can then take that percentage off of your bills, electric, gas, water, phone, etc... usually like 10-15 percent. Call an accountant to be sure, it may be different in different states.

07-12-2006, 06:57 PM	#4
ProjectNaked Confirmed User Join Date: Jul 2004 Location: Detroit Areola Posts: 4,309	forgot to add that you can deduct the percentage from the monthly rent also / not sure if you own -

07-12-2006, 11:43 PM	#5
V_RocKs Damn Right I Kiss Ass! Industry Role: Join Date: Dec 2003 Location: Cowtown, USA Posts: 32,409	Sweet... I also heard I can deduct medical and life insurance... anyone have a clue or currently do so?

07-13-2006, 12:21 AM	#7
nekrom Confirmed User Industry Role: Join Date: Mar 2004 Location: Australia/Asia Posts: 921	Yup down here in Aussie land you can do elec, gas, morguage, etc etc. You can also get back a % of your own money you may be paying into a superannuation fund. -N

07-13-2006, 06:23 AM	#10
Sosa In Tushy Land Join Date: Oct 2002 Location: Nebraska Posts: 40,149	Go talk to your accountant..