How To Write Off Your Rent in 2024 (TAX FREE)

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How to write off your rent. Follow the exact steps in this video to deduct your rent payments on your taxes.

Timeline:

Intro: (0:00)
Write-off Explanation: (0:57)
Write-off Qualifications: (1:06)
Home Office Deduction (2:19)
What You Can Write-off (2:58)
How To Write Off Your Rent (3:31)
Keep This In Mind (6:26)
WATCH THIS NEXT: (6:43)

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Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).

LYFE Accounting

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Комментарии

This is very informative and was presented so well. Thank you!! I didn’t realize I needed this until I watched it.

jasoncoopersmith

This was great. Thank you! Your presentation was engaging as well. Great personality!

kissyk

How to calculate depreciation of my home office deduction?

marketbuy

Thank you so much!!! Explained so clearly. Wow!

glorias.

Does work for for the mortgage as well I own a home and I want to Airbnb a separate unit on my property can I write off the mortgage ?

franksanchez

posted on fb for you good videos thank you

mremberton

I read an article saying you must have a home office with a door separate from any other room. Is that true? I'm in a one bedroom and my next spacious area is my sunroom.. which is attached to my living room. Am I still qualified or would they get technical?

mulamesha

What if your bedroom is also your office or you have 2 offices in 1 home ?

commasNculture

What if you are a w2 employee but also own a business? Can you still write off your rent?

marspark

What if I live in a 1 bedroom apartment but work from home for my business?
Can I square off an area and put dividers around it and make my own little office so I can deduct that space?

MauriceM_R

❤️ omgg, This is so helpful!!

Edit: What if I have a virtual address? I still operate out of my home and have stock as well, just curious to know if that disqualifies me?

DeneeDubwa

Just to be sure, at min 5:42 he said it was $30K when previously it was $36 K of having expense of $3K per month, what happened to the $6K? 😂 aside from that I enjoyed the video

pianomundo

It’s videos like this that make accounting so sexy. This channel deserves so much more attention and views/subs. I wished they had a Los Angeles branch. I would def be a client 💪

tricallyourmama

Can I live in one state and then rent an apartment in another state as it would be cheaper than getting a hotel weekly? Are those rent payments tax deductible?

sikwitittv