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Paying 🏠rent can cut your tax bill

Writer's picture: simple  teamsimple team

Updated: Aug 8, 2024

Rent prices are sky-high, but your taxes don't have to be! 💸 Turn your home office into a tax-saving haven. Here's how:


  • Exclusive workspace: Your home office should be used only for business.

  • Regular use: Consistent business activity is key.

  • Principal place of business: If you meet clients or store inventory there, you're more likely to qualify.


Remember: You can only deduct a portion of your rent based on the size of your home office. Keep those measurements handy!


Tag a friend who needs to know this!





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