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.
If you work as a truck driver, you may be able to deduct business-related expenses that are not reimbursed your employer â even if you do not own the truck.You may only claim these deductions if you choose to itemize instead of taking the standard deduction.ehicle Expenses. If you own your truck, you may choose to deduct the standard mileage rate or your actual operating expenses, including oil, gas, repairs, maintenance, registration and depreciation.