Form 8829 is used to claim the home office deduction by calculating the business-related portion of home expenses. Self-employed individuals and freelancers can deduct costs such as rent, utilities ...

When filing your taxes as a small business, one important and time-consuming area is gathering and recording tax deductions related to the company. Deductions range from standard business expenses, ...

One of the most popular deductions taken by self-employed taxpayers is the home office deduction. In fact, according to the latest data from the IRS, nearly 3.4 million taxpayers claimed the deduction ...

home office deduction, the details will be reported here. Part I will help you determine the appropriate percentage of rent, utilities, etc., you can deduct because of your home office. . Direct ...

Taxpayers with an office in the residence that is maintained regularly and exclusively for business purposes may deduct the costs associated with that office on IRS Form 8829. The office must be the ...