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If I'm a vlogger and I use my spare bedroom as my studio, how much can I write off on my taxes for using that as my office?
AI accountant’s answer:
As a vlogger using your spare bedroom as a studio, you may be able to write off a portion of your home expenses for that space if you qualify for the home office deduction. To qualify, the space must be used exclusively and regularly for business, and it must be the principal place of your business. You have two options for calculating the home office deduction: the simplified method or the actual expense method. 1. Simplified Method: With this method, you multiply the square footage of your home office (up to a maximum of 300 square feet) by the IRS-prescribed rate ($5 per square foot for the 2022 tax year). For example, if your spare bedroom is 200 square feet, you can deduct $1,000 (200 square feet x $5) using the simplified method. 2. Actual Expense Method: You'll need to calculate the percentage of your home dedicated to your home office (divide the square footage of your home office by the total square footage of your home). You can then apply this percentage to your actual home expenses, such as mortgage interest, property taxes, utilities, repairs, and insurance. For example, if your home office occupies 15% of your home and your eligible expenses are $10,000, then you can deduct $1,500 (15% x $10,000). It's important to carefully track expenses and maintain good records to substantiate your home office deduction when using either method.
Comment from reviewer
Jacques Seys, CPA
Not Correct.
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Keeper’s AI Accountant

This AI accountant is powered by GPT-4, but has up-to-date knowledge of tax law. It’s been trained on federal and state tax updates for 2023. With credentialed tax professionals fact-checking its responses, it applies IRS rules to real-world situations.

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Keeper helps independent contractors and freelancers discover tax deductions and file taxes.

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What’s a Rich Text element?

The rich text element allows you to create and format headings, paragraphs, blockquotes, images, and video all in one place instead of having to add and format them individually. Just double-click and easily create content.

Static and dynamic content editing

A rich text element can be used with static or dynamic content. For static content, just drop it into any page and begin editing. For dynamic content, add a rich text field to any collection and then connect a rich text element to that field in the settings panel. Voila!

How to customize formatting for each rich text

Headings, paragraphs, blockquotes, figures, images, and figure captions can all be styled after a class is added to the rich text element using the "When inside of" nested selector system.

Comment from reviewer
This is some text inside of a div block.

What’s a Rich Text element?

The rich text element allows you to create and format headings, paragraphs, blockquotes, images, and video all in one place instead of having to add and format them individually. Just double-click and easily create content.

Static and dynamic content editing

A rich text element can be used with static or dynamic content. For static content, just drop it into any page and begin editing. For dynamic content, add a rich text field to any collection and then connect a rich text element to that field in the settings panel. Voila!

How to customize formatting for each rich text

Headings, paragraphs, blockquotes, figures, images, and figure captions can all be styled after a class is added to the rich text element using the "When inside of" nested selector system.

Not Correct.
Icon check
Looks good

Keeper’s AI Accountant

This AI accountant is powered by GPT-4, but has up-to-date knowledge of tax law. It’s been trained on federal and state tax updates for 2023. With credentialed tax professionals fact-checking its responses, it applies IRS rules to real-world situations.

Find write-offs.
File taxes.

Keeper helps independent contractors and freelancers discover tax deductions and file taxes.

Get started