- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
Because rent is not deductible on your federal return. If you are self-employed and have an office in the house, you may be able to claim a home office deduction on your Schedule C. However, there are no rent deductions on your federal tax return. Your state may have one and if so, you may claim it there, but not on the federal return.
If you're self-employed, however, housing-related expenses such as mortgage interest, rent, utilities, repairs, and depreciation for the portion of your home or rental that you use to run your business are allowable expenses under the home office deduction.
You may be able to claim the home office deduction if your office is:
- Used regularly and exclusively for your business, and
- Is your principal place of business (both conditions must apply).
When you enter your home office information in TurboTax, we'll ask some questions to determine if you can claim the deduction and how much the deduction is worth. You’ll need information like the square footage of your residence and the rooms you worked in.
Related Information:
**Mark the post that answers your question by clicking on "Mark as Best Answer"