| If you have or hold office in your home, you can get | | | | or building, but must be a defined space. |
| tax deductions for it. The deduction depends mainly on | | | | A percentage of your home's expenses can be |
| how much space you use as office, or how often you | | | | deductible, including mortgage or lease expenses, |
| use it. | | | | improvements, general repairs, utilities like electricity, |
| The qualifying indicators are: | | | | phone bills and garbage pick-up, insurance fees and |
| - You are self-employed, work-at-home employee or | | | | property taxes. Portions of your home's purchase |
| has no other workplace | | | | price can also be allowed depreciation costs. The |
| - Considers an exclusive part of your home as 'office' | | | | percentage for deduction is computed by dividing the |
| - It is where you regularly (often, nor rarely) receive | | | | acquisition cost by 39.5 then again dividing the obtained |
| visitors, patients, customers or clients in the normal | | | | amount by the portion used as office in terms of floor |
| conduct of business | | | | area. The area can include bathrooms if those are |
| - Your business gross income exceeds the deductions | | | | used exclusively by clients. |
| As an office, the space should be your main | | | | Deductible amounts can be 100% for expenses |
| workspace, where you do or conduct your business | | | | directly related to the office such as repairs, painting, |
| or your administrative or management work. The latter | | | | cleaning, insurance rider, and utilities like phone if the line |
| definition encompasses the space used by | | | | is separate and electricity if there is a meter separate |
| salespeople, plumbers and repairmen, veterinarians, and | | | | from that of the household. Otherwise, the percentage |
| others who work outside but do their paperwork in | | | | rule applies. |
| their homes. The space need not be a separate room | | | | |