Home-office deduction

Hello, 

I started working full-time as a contractor on 1099 earlier this year and have a sole-proprietor registered LLC. It is my only source of income.

 

I have a home office and do all my work from my home. Is there a limit to the % of my rent or $ amount that I can deduct? Or is it just the calculation of the % of space that I actually use as a home office? 

Thanks, 

Coumba