What forms do I need for home office deductions?
To claim home office deductions, you'll typically need Form 8829 for expenses related to your home office.
Are there any specific requirements for using Form 8829?
Yes, you must use a portion of your home exclusively for business and meet certain IRS criteria.
Can I deduct my internet and phone bills?
Yes, you can deduct a portion of your internet and phone bills if they are used for business purposes.
What if I rent my home?
If you rent, you can still use Form 8829 to deduct a portion of your rent related to your home office.
Is there a limit to how much I can deduct?
Yes, there are limits based on the size of your home office and the total expenses incurred.
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