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Tax Deductions for Your Home Office

TAX DEDUCTIONS for your HOME OFFICE WHAT IS A HOME OFFICE? A PLACE USED... exclusively and regularly as place of asa place where you always meet with your business. clients. or regularty for on a regular business in a basis for separate structure from work-related storage. house. %$4 as a daycare. for rental use. WHAT CAN I DEDUCT? real estate depreciation taxes utilities mortgage interest repairs rent insurance maintenance WHAT IS NOT INCLUDED? Arnything outside of office vicinity: • Other Room Maintenance • Lawn Care • Etc. HOW DOES IT DEDUCT? Deduct $5 per square ft of the Easy horme office. or Calculate the square footage of the home office and its Complicated proportion to the rest of the house. Take thalt percentage out of all the bils included in the "What Can I Deduct?" section. All information taken from IRSTopic 509. For more information, visit 8* HouseHunt cer and check us out on these platforms:

Tax Deductions for Your Home Office

shared by HouseHunt on Mar 28
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One of the biggest tax deductions for real estate agents is their home office. So no matter your occupation, here’s a look at exactly what qualifies you for tax deductions for a home office.



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