TAX DEDUCTIONS ON HOME OFFICES

A deduction is available only for the portion of your home that is used exclusively for business. In order to use this deduction, your home must be the only fixed location where you conduct administrative and managerial activities.

Form 8829 is used to calculate the home office deduction. Here, you'll be able to deduct a portion of your utilities, real estate taxes, mortgage interest, rent, insurance, repairs, depreciation, and other expenses related to your home.