Let me start by saying, I am not an accountant. In fact, I have an awesome friend who does our taxes. As she is not only a home based business owner herself but also an accountant. I can say being a working professional, mom of 3, I have learned a lot along the way. Knowledge is wasted if it is not shared, right? Keep reading to learn the one big change we made on how to safe on your taxes.

Welcome to Adult Life.

Honestly, I never really thought about paying taxes until I hit I was actually working. It wasn’t on my radar. There really isn’t a need for it to be either. Most likely you are still under your parents insurance, not really taking in much income as a full time student. Then bam… graduation comes, you get a “real” job, and have to pay the government, real money.

Welcome to being a Dual Income Household.

I had the most frustrating experience with when we started our family. I quickly realized that we made too much to qualify for certain deductions. We were paying thousands on student loan interest and couldn’t claim that. Our family also didn’t even qualify for child care deductions. Insert crazy frustration here. I remember the call from our accountant so vividly, the one where I learned we owed thousands back. There I sat in my girls room and cried. For a young family that is a significant amount of money. I thought to myself, there had to be another way to save on our taxes.

Welcome to Sweet Relief.

When I first started my home based business 4 years ago, I had no idea the tax benefits that would come with it. It was a complete surprise to me. Not only could I claim products purchased, cell phone use, and travel expenses, but also certain home expenses due to our home office. It has been an incredible blessing for us to have this option and I feel like a huge weight has been lifted off of our shoulders. 

There is Another Way.

I so enjoy showing others what is possible with a business like this. If you are looking for a way to diversify your income, why not consider adding a part time business?! It is flexible in that you can work your business around your busy daily life, create a steady stream income month after month with the potential for growth. Please refer to the most recent R+F IDS for more information regarding earning potential. This is my personal story.

What tips do you have to save at the end of the year?

Until next time, much love my friends, 

Court