Debt to income ratio is the amount of total debt you have (car loans, mortgages, credit cards, etc) divided by your total income. Lenders look at this closely to hep minimize risk when originating mortgage loans. Take care.
Deductions you can claim. Where your home is also your place of business, you can claim deductions if you carry out income-producing work at home and incur expenses in using your home for that purpose.You can claim a deduction for the following: If the telephone is used for both business and private calls, you can claim a deduction for business calls. 2  decline in value (depreciation) of office plant and equipment, such as desks, chairs, computers.
Claim only the business use portion of expenses and depreciation if you also use the car or truck as a personal vehicle. For example, if you drive the vehicle a total of 16,000 miles per year, but only 12,000 miles are for business purposes, you can claim 75 percent of the expenses and depreciation as business expenses.