What sorts of expenses are available for the business use of home deduction?

The business use percentage of expenses listed below is generally deductible on Form 8829:

1. Mortgage interest,
2. Real estate taxes,
3. Home repairs/maintenance,
4. Rent,
5. Utilities,
6. Depreciation,
7. House insurance,
8. Security system,
9. Casualty losses,
10. Other expenses such as snow plowing, garbage removal, etc.

Whether the expense is direct or indirect determines the amount of the deduction allowable. Give us a call to assist you in determining if you qualify for this deduction and for guidance on the proper way to report it.