If you run a home business, you'll want to be sure you deduct all the relevant home business expenses on your income tax.

Tax deductions are essential to any business, but even more so when your office is also your home. Don't spend thousands on an accountant -- turn to Home Business Tax Deductions and do it yourself!

Home Business Tax Deductions will help you write off:

    1: your home office
    2:  start-up and operating expenses
    3:  vehicles and travel
    4: entertainment and meals
    5: health insurance and medical bills
    6: inventory
    7: equipment
 Home Business Tax Deductions also covers how to avoid being classified as a hobby business, steer clear of home-based-business tax scams, stay out of trouble with the IRS and take special deductions if your business loses money.

However, although there are income tax deductions that are specific to work at home , not all home businesses will qualify for these tax deductions.

You can only claim business-use-of-home expenses if your home is your principal place of business, or you use the work space in your home only to earn your unlimited income and use it regularly to meet with clients, customers or patients. So you can't claim business-use-of-home expenses if you are conducting business somewhere else as well, or because you sometimes work  at home.

Income Tax Deductions:

In Case of Donations For Charity
Under section 80-G of the Income Tax Act, there are following relief in case of Donations:

     Donation to certain funds, approved education institutions of national importance, charitable institutions.
     The deduction will be 50% of the amount.
     Deduction may be 100% if donation is given to Prime Minister Relief Funds, National Foundation for Communal Harmony, Blood Transfusion Council, The      Africa Fund, Earth-quake Relief Fund.


   In Case of Physically Handicapped Persons

    1: A person who is suffering from permanent physical disability or mental retardation is entitled to deduction upto Rs. 40,000.
    2: Handicapped must be certified by a physician, surgeon or a psychiatrist, working in a government hospital.

Under section 80DD and 80U of Income Tax Act, physical disability must be one of the following:

   1. Permanent or more than 50% disability in limb
   2. Permanent or more than 60% disability in 2 or more limb
   3. Permanent loss of voice
   4. Permanent blindness
   5. Mental Retardation in which mental intelligence is less than 50% of normal required intelligence