MarilynG1
Expert Alumni

Deductions & credits

You can deduct the portion of mortgage interest, property tax, insurance, utilities, etc. that applies to the % of your home that your Home Office occupies

 

In the Self-Employment Expenses section, you can enter the details about your Home Office, including these types of expenses.

 

Click this link for more info on Home Office Deductions

 

The Self-Employment Taxes you paid on last year's income are not deductible, sorry.  These taxes go into your Social Security account.

 

This link gives detailed info about Self Employment Taxes

 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"