Explaining the home office deduction

You can write off your utilities, your rent, your mortgage, anything like that. The easiest way to do it is you want to have a space in your house that's exclusively for business. It's a separate space. The easiest one is to pick a spare bedroom, set it up, call your office. You want to take the square footage of that home office that you have, divide it by the total square footage, you come up with a percentage. Let's say your home office is 100ft. You have a thousand square foot house. That means 10% of all of your monthly expenses are deductible. So like 10.

Why did this video about tax write offs get almost 5 million views on Instagram? Okay, so number one, JT is making this super easy to comprehend. It's like this checklist you can easily follow along, right? Number two, he's not talking accountant speak. And this is really important. He's talking everyday people speak. You accountants, you've got a language. Everyday people don't understand that language. Number three, this isn't like too long or complicated of a video either. And so probably a lot of people were watching it all the way through, which is one of the main metrics the platforms look at when they're going to see whether to promote a video or not. Want to go to your accounting firm? Follow for more.