Home Office Rules

Taxpayers are entitled to a home office deduction for expenses allowable to a specific area of the home that is used regularly and exclusively as the principal place of business: as a place to meet or deal with patients, clients or customers in the normal course of a trade or business; or with respect to a separate structure next to the home.

We have a choice:

  • Actual expenses: File form 8829
  • Safe Harbor Method: up to 300 ft for maximum of $15oo deductions