Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What types of home office deductions are available?

April 26, 2017deductions home office types

0

Posted

What types of home office deductions are available?

1 Answer

0

Posted

The business percentages of the following expenses are deductible on your tax return: • Mortgage interest • Real estate taxes • Home repairs & maintenance • Rent • Utilities • Depreciation • Home insurance • Security system Business percentage of the home is determined by dividing the area (sq. ft.) exclusively used for business by the total area (sq. ft.) of the home.