How To Write Off Your Rent in 2025 (TAX FREE)

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  • เผยแพร่เมื่อ 27 ม.ค. 2025

ความคิดเห็น • 55

  • @Hi-jx5oe
    @Hi-jx5oe 2 ปีที่แล้ว +8

    This is music to my ears

    • @LYFEAccounting
      @LYFEAccounting  2 ปีที่แล้ว +1

      🎤🎶 Thanks for tuning in!

  • @LOVERGEIST777
    @LOVERGEIST777 ปีที่แล้ว

    Thank you for this

  • @jasoncoopersmith
    @jasoncoopersmith 2 ปีที่แล้ว +3

    This is very informative and was presented so well. Thank you!! I didn’t realize I needed this until I watched it.

  • @kissy0k8
    @kissy0k8 2 ปีที่แล้ว +2

    This was great. Thank you! Your presentation was engaging as well. Great personality!

  • @marketbuy
    @marketbuy 2 ปีที่แล้ว +4

    How to calculate depreciation of my home office deduction?

  • @LETS_CHOP_PODCAST
    @LETS_CHOP_PODCAST ปีที่แล้ว

    great information sir!

  • @amorshriTV
    @amorshriTV 2 ปีที่แล้ว +4

    Thank you for this! very helpful

  • @salpremiers
    @salpremiers 2 ปีที่แล้ว

    I love this channel

  • @franksanchez9355
    @franksanchez9355 9 หลายเดือนก่อน +1

    Does work for for the mortgage as well I own a home and I want to Airbnb a separate unit on my property can I write off the mortgage ?

  • @glorias.2930
    @glorias.2930 2 ปีที่แล้ว

    Thank you so much!!! Explained so clearly. Wow!

  • @sunshinebrown2549
    @sunshinebrown2549 2 ปีที่แล้ว

    Thanks King. Time to build.

  • @mremberton7919
    @mremberton7919 2 ปีที่แล้ว

    posted on fb for you good videos thank you

  • @FinancialFreedomMadeSimple
    @FinancialFreedomMadeSimple 2 ปีที่แล้ว

    Well explained!

  • @estheticsbyneek
    @estheticsbyneek 2 ปีที่แล้ว

    Great information!

  • @isyzcold-69
    @isyzcold-69 2 ปีที่แล้ว

    Thanks Great Info!!

  • @StarCoachStephanie
    @StarCoachStephanie 2 ปีที่แล้ว

    thank you so much

  • @PastorJulian
    @PastorJulian 2 ปีที่แล้ว

    Good info

  • @carterdegraag6437
    @carterdegraag6437 7 หลายเดือนก่อน

    Is this for Canada

  • @MauriceM_R
    @MauriceM_R ปีที่แล้ว

    What if I live in a 1 bedroom apartment but work from home for my business?
    Can I square off an area and put dividers around it and make my own little office so I can deduct that space?

  • @alcidescaceres-rj5yd
    @alcidescaceres-rj5yd 9 หลายเดือนก่อน

    what if I also have a virtual address

  • @mulamesha1138
    @mulamesha1138 2 ปีที่แล้ว +2

    I read an article saying you must have a home office with a door separate from any other room. Is that true? I'm in a one bedroom and my next spacious area is my sunroom.. which is attached to my living room. Am I still qualified or would they get technical?

  • @DollaBillz215
    @DollaBillz215 ปีที่แล้ว

    What if you work and own a small business?

  • @marspark6351
    @marspark6351 11 หลายเดือนก่อน

    What if you are a w2 employee but also own a business? Can you still write off your rent?

  • @mplscarsales6652
    @mplscarsales6652 2 ปีที่แล้ว +1

    Can I write of mobile home lot rent I own the home just paying the land rental ?

  • @KingThirkield
    @KingThirkield 8 วันที่ผ่านมา

    I work for a company, but I am considered a contractor through the company. Will I still be eligible to say that I am a contractor?

  • @commasNculture
    @commasNculture 10 หลายเดือนก่อน

    What if your bedroom is also your office or you have 2 offices in 1 home ?

  • @osmannoor2042
    @osmannoor2042 2 ปีที่แล้ว +2

    Do i need to rent under my LLC to get this deduction?

    • @jermainemyrn19
      @jermainemyrn19 2 ปีที่แล้ว +2

      That's what I'm trying to figure out

    • @explodev2550
      @explodev2550 2 ปีที่แล้ว +1

      Did you ever find an answer?

  • @chiomahair8694
    @chiomahair8694 2 ปีที่แล้ว

    Do your home address need to be on the LLC application?

  • @Kay-jk2gi
    @Kay-jk2gi ปีที่แล้ว

    So if I'm a w2 but also have a home business, can I do this?

  • @TheWorkingClassroom
    @TheWorkingClassroom 2 ปีที่แล้ว +1

    Home Business write-off

  • @Kevin-sk6js
    @Kevin-sk6js 2 ปีที่แล้ว

    How did you come up with the $30K in the example? Thanks in advance

    • @realdiscokids6556
      @realdiscokids6556 2 ปีที่แล้ว

      I had the same question. I think he’s just averaging 36 and calling it 30

  • @Mrasdrubalman
    @Mrasdrubalman 2 ปีที่แล้ว

    Question!!!
    how do i make the rent payment? under my name or the LLC?

    • @stevelovesgod
      @stevelovesgod 2 ปีที่แล้ว

      Open a business bank account and write checks

  • @sikwitit937tv
    @sikwitit937tv 2 ปีที่แล้ว

    Can I live in one state and then rent an apartment in another state as it would be cheaper than getting a hotel weekly? Are those rent payments tax deductible?

  • @piano2807mundo
    @piano2807mundo 2 ปีที่แล้ว +3

    Just to be sure, at min 5:42 he said it was $30K when previously it was $36 K of having expense of $3K per month, what happened to the $6K? 😂 aside from that I enjoyed the video

  • @Jean5tar
    @Jean5tar 2 ปีที่แล้ว

    I notice he's specifically saying "rent". Does this apply to mortgages?

    • @LYFEAccounting
      @LYFEAccounting  2 ปีที่แล้ว +1

      This video is specific to rent but check out this video for your primary home - How To Write Off Your Dream Home: th-cam.com/video/3djnYwRpulw/w-d-xo.html

  • @DeneeDubwa
    @DeneeDubwa 2 ปีที่แล้ว +2

    ❤️ omgg, This is so helpful!!
    Edit: What if I have a virtual address? I still operate out of my home and have stock as well, just curious to know if that disqualifies me?

    • @bbj9586
      @bbj9586 2 ปีที่แล้ว

      Girl I’m in the same boat

    • @DeneeDubwa
      @DeneeDubwa 2 ปีที่แล้ว +2

      @@bbj9586 hey girl! I wish you all the best on your business ❤️ I was hoping the LYFE Accounting team was going to respond back.

  • @Mocheinca
    @Mocheinca ปีที่แล้ว +1

    Self employed car deduction

  • @michaelhodges8005
    @michaelhodges8005 8 หลายเดือนก่อน

    Who is Drake anyway?
    Oprah Who?
    None of these individuals aren't concerned about our well being....
    I am just saying... Being Black is not a pass ... Most of these celebrities are concerned about their own agendas in life..
    Great information

    • @monti42
      @monti42 6 หลายเดือนก่อน

      It was just an example, he could have named anyone, who is renting out a large office space(s). However, you are right about being black doesn’t give you a pass, but that can go for every race. Your statements also have nothing to do with this video. You’re the one that brought up their blackness. It’s like you’re reaching or wanting to make an issue from a simple informative video. He could have used Hilary Clinton and Donald Trump and the information would remain the same. Just know that the larger the rental office space, the more money you can receive.