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List Of Tax Deductions

This is the second part of a 2 part article. If you didn’t read the first part, you are going to want to. There are $1000s of savings in that part alone. Remember, you must make sure to keep detailed records of your expenses. You may get audited and if you do you’re going to want to have this stuff ready for them. Now on to the deductions.

Auto Expenses
The cost of your car can be deducted as well. This includes your payment, gas, oil, repairs, tires, maintenance, etc.. The amount that is deductible is proportional to the amount of time that you use the car for business. If you use it 75% of the time for business then you can deduct 75% of the cost. This one is another big cash saver!

Health Care
Your health care is also tax deductible. This not only covers your premiums, but also the deductibles, co-pays, and other things that are not covered by insurance such as going to a masseuse, chiropractor, and even a nutritionist! The cost of health care and it doesn’t even cover all the stuff this does. Stop paying for it!

Education
This includes any books/tapes that you read/listen to as long as they are somehow useful to your business. It also includes seminars (even in unrelated subjects). It pays for your seminar as well as your travel expenses (airline ticket, limo, etc.).

Phone/Cell Phone
This one is pretty self explanatory. It covers your phone, cell phone, fax line, and internet.

Travel/Vacation
Each and every year you must conduct a business meeting and YOU get to choose where at. It could be anywhere in the continental US. So why not pick where you want your next vacation to be and let the government pay for it for you!

This is only one article out of a 6 article series compiled together to form the “Tax Relief Report: Tax Savings & Asset Protection”. The report can be found at: http://www.tax-help-and-asset-protection.com/