New couch and loveseat
Business Expensesfreelancersconsultantstherapistsinterior designers
To deduct the cost of a new couch and loveseat, the furniture must be used exclusively for business purposes. For example, if the furniture is placed in a designated office space within your home that is used regularly and exclusively for business, it may qualify as a business expense. However, if the furniture is used in a personal living space or for personal purposes, it is not deductible. The IRS requires that the space be used exclusively for business to qualify for a home office deduction. Additionally, if the furniture is used in a business location (such as a waiting area for clients), it can be deducted as a business expense. Depreciation rules may apply, allowing you to deduct the cost over several years.