I deducted our current HVAC method from our taxes because I am self-employed
Filing taxes is hard enough when you have a normal task that handles most of the paperwork for you.
- I was so inept that I even struggled to utilize the online tools gave by companies prefer Turbotax and H&R Block.
One year I gave up trying to do it alone and hired someone to help me prepare our taxes for me. It’s hard when you don’t guess about all of the deductions of which you qualify, or how to even fill them out properly in the first site. I messed up our taxes 1 year and ended up paying a tax bill that was higher than it should have been. This year the tax preparer that I found told me that I could potentially deduct our current HVAC method from our tax bill because I’m self-employed and use our house for our business. This was an amazing thing to hear because the air conditioner and oil furnace were a huge expense for me this year that I wasn’t prepared to pay, as I was hoping that our central HVAC method would last for another many years. Once our tax preparer confirmed that I could easily deduct the cost of our HVAC method in the line for our company expenses, I was legitimately glad. This absolutely lowered our tax bill by $400. Honestly, I was not expecting to have that huge of a savings on our final tax bill, but I was delighted regardless. Buying a current air conditioner and oil furnace is no easy task, and a $400 tax rebate is nothing to scoff at even if it’s a small fraction of the price of the heating and cooling systems combined.