I'm going to take a quick second to talk about a few tax write offs that most people didn't realize. These exact percents are based on my local tax law (ontario, Canada) but are very likely similar and worth looking into in your region. Home Expenses (self employed, or business home office) -Morgate or Rent payments 15%-35% -Utilities - 15% (30% for direct business impact services like internet and electricity) -House Repairs - 10% -Property Tax - 30% Vehical Expenses -Fuel and oil -Insurance -Repairs -Lease payments (or capital cost allowance if you own it) -Parking -Vehical registration -Toll Charges You are able to write off all the above to the extent at which they were used for business purposes. If the total cost of your vehical was $90,000 that year and 50% of the time it was used for business then you could write off $45,000 - you should keep all reciepts if you plan to do this as vehical expenses are frequently audited. Business Write Offs (These are all 100% unless listed otherwise) -Tax and Accounting Preperation -General Advertising -Internet -Lease Payments -Entertainment and meals (up to 50%) -Rent -Wages -Contractors -Telephone -Website fees Student Write offs If you are a student you can write these off your personal taxes -Official student residency up to $400 per month -Student Meal plan -Text book cost (also apply for the Canadian governments textbook credit [$400 a year in cheques for text book support)] -Vehical costs if far enough away for permenant address Remember writing off can give you cash back but never more than you paid out in the first place. Also these values are general and based on my knowledge of taxes in my region, always check with a certified accountant and keep good finacial records.