Ryan McFarland

Earlier this evening i had my taxes almost done.  I was reviewing them and wasn’t happy with the way some of my personal business expenses seemed to be duplicated and some of the home improvement (energy efficiency) items were turning out.  So i started them over.  I did my best to give a completely honest account of my income by reporting the rental income from the apartment and even the large web design projects that i worked on.  I also honestly reported my expenses.  I was surprised that the apartment actually saved me a considerable sum of money (the utilities, taxes, and mortgage interest along with the improvements to it really helped offset the income from it).  I’ll be getting a decent return this year.  I remembered to change the amount withheld from my paychecks early last year.  Also, the home purchase really helped.  Next year i will be able to write off many fun things - because i’m professionally blogging about do-it-yourself stuff!  Now as long as i document it a portion of the project expenses should be deductible.