Can freelancers deduct if i work from home can i deduct rent?
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To deduct rent as a freelancer working from home, you must use a specific area of your home exclusively and regularly as your principal place of business or for meeting clients. The deduction is calculated based on the percentage of your home used for business. For example, if your home office occupies 10% of your home's total square footage, you can deduct 10% of your rent as a business expense. This deduction is part of the home office deduction, which can be claimed using either the simplified method or the actual expenses method.