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Office space at home could be a deduction on your taxes

You may be able to claim a deduction for a home office if you use a portion of your home as your principal place of business.


“The home office must be used regularly and exclusively in a trade or business as the principal place of business or as a place where patients, clients or customers are met in the regular course of business,” said IRS spokesman Michael Devine.


The IRS web site, IRS.gov, explains that exclusive use means a specific area of the home is used only for trade or business. Regular use means the area is used regularly for trade or business. Incidental or occasional business use is not regular use.
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