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If you run a tow company from your home and have a garage and office. What expenses can you write off?

Answered by Melissa Pedigo, CPA ·

Any ordinary and necessary business expenses. For the home office, it must generally be used 100% for business. Then you are able to deduct either $5 per square foot (up to 300 square feet) or a portion of your actual expenses to the home office.

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