What is a home office deduction?
Home Officehome officedeductionbusiness usesimplified methodregular method
A home office deduction allows you to deduct a portion of your home expenses (rent, mortgage interest, utilities, insurance, etc.) if you use part of your home exclusively and regularly for business. The space must be your principal place of business or used for meeting clients. You can use either the simplified method ($5 per square foot up to 300 sq ft) or the regular method (actual expenses based on percentage of home used for business).