Home Office Expenses

Home Office Expense

An expense one incurs by maintaining an office at home where one performs at least half of one's work. A home office expense includes a portion of the rent, property taxes, or perhaps the Internet bill. One may deduct home office expenses from one's taxable income up to the total amount one earns from the work performed at the home office. See also: Work from home, Independent contractor.

Home Office Expenses

Expenses of operating a portion of a residence used for business or employment-related purposes. Several restrictions limit the deduction for home-office expenses.