Definition of seep in the Idioms Dictionary. seep phrase. What does seep expression mean? Definitions by the largest Idiom Dictionary.
If your loan is for 30 years then you can deduct 1/30th of the points each year on your taxes. Typically you must deduct the points on a refinance mortgage over the life of the loan unless part of the refinance proceeds are used to improve the main home.
If you have a brick-and-mortar business, you can always deduct expenses, such as utility bills. If you have a home office, you can also deduct a portion of your maintenance costs.The deduction for utility bills or any other recurring expense depends on the ratio of the size of the home office to your home.For instance, if your office takes up 5 percent of your home's square footage, you can deduct 5 percent of your utility bills.ax Deductions for Utility Bills. You can cool your house and run your appliances with a little assistance from Uncle Sam's dollar. This is almost always only the privilege of someone who owns a small business. However, claiming utility bills often draws the attention of the IRS when it chooses who to audit.