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.
You can only claim home office deductions up to the amount of business income for the year, no more. If your business expenses exceeded your business income, you can carry over the excess to the following year's taxes, however.owever, a person who works for someone else can claim a home office deduction if working from home for the employer's convenience instead of his or her own. If you telecommute because your employer can't provide you with an office to work out of, you may take the home office deduction.