Home business tax deductions are a solid strategy that many retired teachers who run a successful online home business fail to take advantage of. Why? No awareness is one reason. Nobody ever told them...and they never thought to ask.

Another reason is that homebased business owners somehow think it is illegal. (Let's see, it is okay for the lady who sells Avon, or the guy who runs a lawn service out of his home to take legitimate documented home business tax deductions...but not a guy who runs a travel information site for people with RV's? Does that make any sense?)

What could you do with an extra $3000 - $6000 dollars per year? Would that make your retirement a bit more comfortable as you worked to build your Internet home business?

Congress put into law an incredible package of legitimate tax deductions for a home business to spur motivation for entrepreneurial endeavors that feed the economy and provide them with even more resources for taxable income. Starting a web business, whose sole intent is to make a profit, gives you every legal right in the world to claim legit, documented tax writeoffs instead of overpaying your fair share.

Do any of these situations upset you?

* I do not mind my tax dollars going to a fat politician so they can redecorate their office.

* I do not mind my tax dollars being used to fly politicians and their families to beautiful foreign countries.

* I do not mind my tax dollars going to help illegals get free medical and social services assistance.

* I do not mind my tax dollars going to firms on Wall Street to bail them out and provide $1,000,000 dollar bonuses.

* I do not mind my tax dollars being spent on hospitals, schools, and administrative salaries for officials of countries that hate us.

There are a great many retired educators who have problems with some of the above...and they make sure they DO NOT OVERPAY. You don't have to resort to anything illegal or stupid to save on your taxes. Congress has set it up for you to ethically take all legitimate tax deductions for a home business that you are allowed.

There are two sets of tax laws in America

One set of tax laws is for employees and W-2 wage earners (nurses, fire fighters, TEACHERS, waitresses...anyone who gets a paycheck) and another set for business owners.

W-2 wage earners work themselves into exhaustion for many years and pay a huge chunk for taxes. They get to spend what is left over (not a whole lot) on themselves. Year after year they pay $1000's of EXTRA dollars...and never let it bother them.

Business owners do what they want, buy what they want...and pay taxes on whatever is left over. (Is there something wrong, already, with this picture?)

Homebased business owners structure their spending by doing and purchasing what they want...and making certain that the majority of what they do and spend is a TAX DEDUCTIBLE business expense. They are obligated to pay taxes only on what is left over after all of their business expenses have been deducted.

Home business owners CAN write off	W-2 wage earners CANNOT write off
* New computer, printer, camera * Internet service * Cell phone, Blackberry * Meals at restaurants * Ballgames, movies, concerts, plays * Gas, parts, vehicle maintenance * Mileage * Vacation, motel, food, travel * Paper, stamps, envelopes, pens	* New computer, printer, camera * Internet service * Cell phone, Blackberry * Meals at restaurants * Ballgames, movies, concerts, plays * Gas, parts, vehicle maintenance * Mileage * Vacation, motel, food, travel * Paper, stamps, envelopes, pens

 

Tax deductions for a home business are just one attraction for working from your home

Starting a legit work from home business provides other valuable considerations:

* You get to be your own boss. Nobody can tell you what to work on or when. This is especially true for retired teachers who start their own website business.

* Your profits are determined by your creative vision and your work ethic. There is nobody to take credit away from you for making major increases in your profit from year-to-year. And there is nobody else to blame if you are lazy and fail to make any money.

* If you start an online home business, you are not limited to just one website. You can create as many as you want...on as many profitable topics as you want.

 

How do you find out about legal home business tax deductions?

Fortunately, instead of going through the entire United States Tax Code by spending a decade in libraries and on the Internet (instead of learning how to start an online business) , it has been made extremely simple for you by home business tax expert, Dr. Ron Mueller.

His downloadable eBook, Home Business Tax Savings , is written in an easy-to-understand style. It is a step-by-step guide that has been thoroughly researched, with citations documented in plain English, to understand and use all of the home business tax laws Congress has written to encourage everyday citizens to establish and run a legitimate business from their home.

He catches your attention by flatly stating, "The average home business owner is OVERPAYING their taxes by at least $100 per week because of what they don't know. Information is power...but the lack of information is expensive ."

Dr. Ron Mueller is a United States Naval Academy graduate and a Viet Nam combat veteran. After serving as a Naval officer for eight years, he became an investigative reporter.

Tiring of the corporate grind that found him working 14-hour days, but giving away so much of his paycheck to taxes, he decided to become his own boss. Ron spent over a year, using his investigative reporter skills, to unearth dozens of legitimate tax deductions for a home business passed by Congress to encourage Americans to work from their home.

Dr. Mueller WAS NOT looking for "tax loop-holes", "tax dodges", murky "gray areas" or "tax schemes."

He was looking for exacting, legitimate, homebased business tax deductions. He tells you how to qualify for them and how to spend only a few minutes everyday on the necessary documentation. For every tax writeoff Ron discusses, you will find the EXACT law or ruling in bold print right next to it.

He took all of the convoluted language of the Federal Tax Code and traced each legit deduction back to the exact law, article in the Tax Code, or Tax Court Ruling decision that validated it. When the IRS evaluated his book, they DID NOT request a single change.

Haven't you left enough money on the table while you were teaching? Stop getting cheated in retirement, and look into starting your own Internet business.

 

Go to Teacher Retirement Plan home from Tax Deductions For Home Business page

 

 

 












 




 







 

This page is for information only. It is NOT tax advice. I am in no way qualified to provide tax advice. It is solely information about a product. Please discuss any tax deductions for a home business with your tax professional to learn more.

 

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