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Household Expenses

Categories: Accounting, Tax

Laundry soap. Carpet cleaner. Heat. Garage floor drip pans if you still drive a car with a gas engine. All household expenses.

Why does this even matter? Because they're not deductible (usually). A business expense...like, if you had an office in your home, expenses associated with work if you are an entrepreneur, then yeah, those would be deductible against your business income. Usually.

Find other enlightening terms in Shmoop Finance Genius Bar(f)