I think you can, but most people take the standard deduction every year (which is supposed to represent these things) rather than calculate the itemized deduction with receipts.
I’m presuming you do your own taxes in your country, cause here you only can if you’re self employed, and you use your home for something like an office, I think.
I’ve itemized a bunch of times and you were pretty limited in what you could deduct. If you have a mortgage you can deduct the interest but not the payments. And before 2020 you deduct a portion of your household expenses if you had a home office.
But to a business those are all operating expenses and businesses only pay tax on profits.
It would be so awesome if I could deduct food, housing, and utilities from my income for tax purposes.
I think you can, but most people take the standard deduction every year (which is supposed to represent these things) rather than calculate the itemized deduction with receipts.
I’m presuming you do your own taxes in your country, cause here you only can if you’re self employed, and you use your home for something like an office, I think.
I’ve itemized a bunch of times and you were pretty limited in what you could deduct. If you have a mortgage you can deduct the interest but not the payments. And before 2020 you deduct a portion of your household expenses if you had a home office.
But to a business those are all operating expenses and businesses only pay tax on profits.
Open an LLC and put all the utilities and food as operating expenses of it.
That’s such garbage. Corporate lobbying should have never been made legal.