Business Use of Home

If you use part of your home as an office for administrative activities, as your principal place of business, or to meet with clients, customers or patients, you may be able to deduct a portion of your household expenses, including taxes and insurance. Once certain conditions are met, direct and indirect expenses can be deducted. In the case of home office deductions, telephone expense is considered as a utility.

If you need more information on home office deductions, ETC can help!