Home Office Tax Breaks

Ideas on how to put your business to work for you.
1 min read
Opinions expressed by Entrepreneur contributors are their own.

Working at home can grant you a break on your income taxes. Here are some of the items you may be able to deduct. (As always, consult with your accountant to make sure these apply to you.)

  • A percentage of your rent if you lease or rent, or of your home loan interest if you have a mortgage.
  • Cleaning costs for your home office, both labor and supplies
  • A portion of your real estate taxes and interest cost "above the line" (that is, before payroll taxes are calculated)
  • Some depreciation for the office part of your home
  • Utility costs and trash collection fees you can attribute to your home office
  • Maintenance and repair of your home office, including painting
  • Household furniture you converted or purchased for use in your home office.

Excerpted from Start Your Own Business: The Only Start-Up Guide You'll Ever Need

My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.

Former Apple CEO John Sculley Shares 4 Key Strategies for Growing and Marketing Your Business