Business Use of the Home
The Way to Deduct “Personal” Expenses on Your Home through Your Business
Wouldn’t it be nice to write off some of your personal expenses, such as utilities, home repairs, or even lawn care? It would be even better if you could write off these expenses against both income and self-employment taxes. Under normal circumstances the tax code explicitly categorizes these types of personal expenses as non-deductible. However, if you work at home, or even store things at home for your business, you may be able to claim a tax deduction for some of your otherwise “non-deductible” expenses.
You may have heard of this deduction as ...