Did you know…
Employees can deduct expenses for the employment use of a work-space at home, as long as you meet one of the following conditions:
1. The work space is where you mainly (more than 50% of the time) do your work
2. You use the work space only to earn your employment income
Items such as utilities, certain equipment or services may qualify.
However, mortgage interest, property taxes, home insurance and depreciation are not deductible.
Do you have any questions about work-space-in-the-home expenses?
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