| If you are self-employed and use a part of your home | | | | customers in the normal course of your business. |
| for the purpose of conducting your business you may | | | | Generally speaking, the portion of tax relief you can |
| qualify for tax relief in this respect. Many more people | | | | enjoy is dependent on the percentage of the home |
| today are starting and operating home businesses and, | | | | that is used for this purpose. The deduction will be |
| in this regard, a home office deduction is a distinct | | | | limited if gross income is less than total business |
| possibility for that business and home owner. | | | | expenses. If you make use of a separate structure |
| Expenses that may be deducted from your income | | | | (not attached, but adjacent to your home) for regular |
| tax return include a portion of real estate taxes | | | | business purposes, you may also deduct its related |
| (determined by the size of the home that is dedicated | | | | expenses. |
| to business use), mortgage interest, rent, utilities, | | | | For qualified day-care providers and people storing |
| depreciation, insurance, painting and repairs. | | | | product samples or business inventory, special rules |
| This tax relief claim may only be made if the business | | | | apply and you would need to go into some detail to |
| section of the home is used exclusively for that | | | | find out precisely what these are and how they apply |
| business on a regular basis. Therefore, it must be the | | | | to your income tax deductions. A professional who is |
| principal place for your trade or business; or, the place | | | | proficient with these provisions would certainly be able |
| where you deal with most of your clients, patients or | | | | to assist you. |