What are the tax deductions for a home office?
An example of an AI chatbot conversation about tax deductions for home offices.
What are the tax deductions I can claim for my home office?
You can claim deductions for expenses like utilities, internet, and a portion of your rent or mortgage.
How do I calculate the percentage of my home that I use for work?
Measure the square footage of your home office and divide it by the total square footage of your home.
Are there any specific forms I need to fill out?
Yes, you'll typically need to fill out Form 8829 for home office deductions when filing your taxes.
Can I deduct my home office if I work part-time?
Yes, you can still claim deductions if you use your home office regularly and exclusively for business.
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