Can I deduct my home office expenses?
If you are self employed or run a business, you may be eligible to write off your home office expenses.
What this means is that you can write off things like:
- Part of your rent
- Utility expenses
- Any equipment purchases (computer, scanner, white boards, printers, etc.)
This is huge considering the majority of you have been working from home and probably will continue to work from home.
Come tax season, you’ll be able to get a nice deduction for working out of your home and will end up having less tax to pay.
If you have any questions on this, feel free to reach out to our team!