home office

Home Office Expenses: Are you taking all available deductions?

Home Office Expenses: Are you taking all available deductions?

To claim a deduction for the business use of your home, you must qualify under one of the following circumstances:

You use a portion of your home regularly and exclusively (1) as the principal place of business for a trade or business; (2) as a place to meet with clients, patients or customers in the course of the trade or business; or (3) in connection with your trade or business, if the location is in a separate structure not attached to the home.