What tax deductions can I claim for my home office?
An example of an AI chatbot conversation about tax deductions for home office expenses.
What tax deductions can I claim for my home office?
You can claim deductions for expenses like utilities, internet, and office supplies if you use part of your home exclusively for work.
How do I calculate the square footage of my home office?
Measure the area of your home office and divide it by the total square footage of your home to find the percentage used for business.
Are there any specific forms I need to fill out?
Yes, you'll typically need to fill out Form 8829 to report your home office deductions when filing your taxes.
What if I use my home office part-time?
You can still claim deductions, but they may be prorated based on the percentage of time you use the space for business.
Can I deduct my home mortgage interest?
Yes, you can deduct a portion of your mortgage interest if you qualify for the home office deduction.
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