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.
Your general business credit for the year consists of your carryforward of business credits from prior years plus the total of your current year business credits.In addition, your general business credit for the current year may be increased later by the carryback of business credits from later years.ow To Claim the Credit. To claim a general business credit, you will first have to get the forms you need to claim your current year business credits. In addition to the credit form, you also need to file Form 3800.