📌 AFH Owners: 6 Common Tax Deductions You Shouldn’t Miss! 💰🏡

Running an Adult Family Home (AFH) comes with many expenses—but are you taking full advantage of tax deductions to lower your taxable income? Here are 6 common deductions AFH owners should claim:

1️⃣ Home Repairs & Maintenance 🛠️ – Fixing plumbing, HVAC, or general wear and tear? These necessary repairs are deductible!

2️⃣ Property Taxes 🏡 – The taxes you pay on your AFH property can be written off, reducing your overall tax bill.

3️⃣ Mortgage Interest 💳 – If you’re paying a mortgage on your AFH, the interest portion is deductible, lowering your taxable income.

4️⃣ Supplies & Equipment 📦 – Medical supplies, PPE, cleaning products, and resident necessities are all fully deductible business expenses.

5️⃣ Business Insurance 🏥 – Liability insurance, property insurance, and workers’ comp coverage are 100% tax-deductible.

6️⃣ Caregiver Wages & Payroll 💰 – Employee wages, payroll taxes, and benefits can be deducted, helping you reduce taxable income.

🚨 Pro Tip: Keeping organized records and receipts is key to maximizing your tax savings and avoiding IRS issues. Need help with your AFH taxes? Let’s talk! 📩

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