Can I write off power bill
Business Expensesfreelancersconsultantshome-based business ownersremote workers
The power bill can be partially deductible if you qualify for the home office deduction, which requires that you use a portion of your home regularly and exclusively for business. This deduction is available to both homeowners and renters. The deductible portion is based on the percentage of your home used for business. For example, if your home office takes up 10% of your home's square footage, you can deduct 10% of your power bill. However, if you do not have a dedicated space used exclusively for business, you cannot claim this deduction. It's important to note that the home office must be the principal place of your business or a place where you meet clients regularly.