Business & farm

You may qualify to deduct a portion of your home office expenses if you have a space that meets the requirements:

• regular and exclusive use of the space for your business -- this means that there is no deduction available for working at the kitchen table, but turning a spare bedroom into a home office could qualify
• principal place of business -- this means that your space is the main place where you conduct your business or where you regularly meet with clients and customers

There is a simplified method to deduct $5 per square foot of your business space (up to a maximum of 300 square feet). Or, you can deduct a percentage of your "whole home" expenses based on the percentage of your "whole home" that your business space takes up.

We have excellent posts with more details about the requirements to qualify and how to calculate the deduction for business use of home.

The Home Office Deduction 

Working at Home 

Setting Up a Home Office 

Thank you for participating in this event!

-- KimberW