I'm a bit of a noob but I'm curious how some of you handle your taxes. I have a real job but am doing things online to make some extra cash. I'm thinking about starting a home business so I can deduct any business expenses and deduct part of my mortgage etc. However I have a secure job but in case I was to get laid off could I still claim unemployment if have a home business ? If I don't have the home business then I would lose all those deductions. Consider if it costs me $200 to make $300 then I'd probably be losing money after taxes. Just wondering what everyone is doing? Thx a lot in advance.