How to Travel for Less and Save on Your Taxes

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Industry leading authorities have indicated that owning a home-based business may be the last tax shelter for the average American family. Online travel has become a viable option to consider.

Over 80% of travel reservations are now done online. So with 8 out of 10 people booking their travel online, it makes sense to position your self in front of this market shift.

There are several business opportunities that make it possible to own an online travel website with a significant lower start-up compared to starting a traditional travel agency. And most of these business opportunities have a network marketing component as well.

When you have a home-based business, you are allowed to claim many household expenses as a partial business expense. And by being in business for yourself, you are also allowed to deduct normal operating business expenses. However, travel makes it even better, because since travel is your business a family vacation to Disney now becomes a business expense.

Let's look at a couple of examples.

If you are taking a trip from Atlanta to China for the 2008 Summer Olympic Games and you price a package on a popular online travel website for $2,000 and find a similar package on your own online travel website for $2,999 which is cheaper? The $2,999 on your website is cheaper. Because when you book the travel package on your website it becomes a 100% business expense deductible on your income taxes. In other words, it's free and the last time I checked, free is cheaper.

You want to take your family on an Alaskan cruise. You check several of the popular online travel websites and the best deal for a family of four is $1,853. The same cruise package on your online travel website is $1,893. Again, which is cheaper? The $1,893 on your website is cheaper, because you earn a commission of $177. But even if you do not factor in the commission, because you book it on your website, it's a business expense which is tax deduct which is free!

Is this making sense?

You and your family and friends will travel anyway. And you will be taking a family vacation anyway. And you will be visiting family for the holidays anyway. Doesn't it make sense to own your own online travel website so that you can travel for less and save money? If it makes sense, go ahead and make dollars as well.

Gerald McDowell is owner of Internet Travel Agency. When you travel next time, book all of your travel needs such as Airline, Hotel, Car, Event Tickets, Cruise, Flowers, Vacation Packages & More with at McDowellTravel.com.

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