2:48:28"Reasonable and necessary" expenses for your field
2:48:31Kind of. Been a long time since I took accounting.
2:48:48Only if itemized is larger than the standard deduction right?
2:48:48You save the money by hopefully going down a tax bracket
2:48:51Basically you don't get taxes
2:48:56Bu-but I thought that tax write offs were secret free money printers
2:48:57Yeah, it is a reduction of income.
2:48:57you basically get a fraction of it back
2:49:01So be total profit w/o expenses…
2:49:11Meals and travel expenses can count too!
2:49:18shiina getting groceries for free in this economy!?!?!?!
2:49:22damn tax deductible dinner sounds like a nice idea
2:49:24Count the normal groceries as research and development for cooking stream
2:49:29Do you expense your meals if you eat it on stream
2:49:35The next step is to buy a business to balance your sheet, like amouranth does with alll her 7-11s
2:49:36basically a coupon to pay less tayxes
2:49:41The shallot fiascot was to justify a write-off. Naruhoto
2:49:43Just have to convince the irs agent if they ever audit you
2:49:44it just means hopefully less money spent on taxes