Your home office expenses may be tax deductible - Crawford Ellenbogen

Technology has made it easier to work from home. However, just
because you have a home office doesn’t mean you can deduct expenses associated
with it on your tax return. In order to be deductible, you must be
self-employed and the space must be used regularly and exclusively for business
purposes. If you qualify, there are two options for a deduction. You can deduct
a portion of your mortgage interest, property taxes, insurance, utilities and
certain other expenses, as well as the depreciation allocable to the office
space. This requires calculating and substantiating actual expenses.
Alternatively, you can take a “safe harbor” deduction. Other rules and limits
apply. Contact us for details.