Hey there! Can anyone give me the low-down on what requirements you need to meet to write off your home office on your taxes? Does it have to be a certain % of your home sq. ft. or have any specific features? Thank you!!
I always hire a CPA to handle this. There are so many little details about filing as an independent contractor or freelancer that make it much more difficult than just filling out a form, it’s not worth trying to figure it out yourself.
You can claim a home office if it’s used exclusively for your business. If the room gets any other use from you or your family, you technically can’t claim it. You can deduct expenses related to that room, such as the percentage of your rent that covers that room, etc. You definitely should be consulting a qualified accountant to know what you can and can’t do.