Tax Deductible Home Office Deductions

<p><strong>In addition to receiving a tax deduction for the portion of your home expenses that applies to your home office, these expenses for your home office are also tax deductible:</strong></p> <p><strong>1. Phone.</strong> In order to write off your phone expenses, you'll need to separate your home line from your business line. If you're seeking a landline phone, you can score a deal for about $30 per month. However, you can also get a second line for your cell phone in order to offer you more flexibility as to when and where you take business calls.</p> <p>• An affordable alternative to a landline phone would be MagicJack. It costs $40 for the initial purchase of the device. And the recurring costs are $19.95 per year thereafter. MagicJack operates under VOIP (Voice over Internet Protocol); therefore you need to plug it into a computer in order to turn on the reception for your phone.</p> <p>• If you need more mobility, most cell phone companies allow you to add an additional line to your account for as little as $10 per month and you can share the minutes given on your primary line.</p> <p><strong>2. Internet.</strong> Whether you work strictly from home or work on your business from home during your spare time, it's highly unlikely that 100% of your internet use is strictly for work related purposes. Therefore, you won't be able to deduct your internet bill in its entirety.</p> <p>• Deduct your internet charges according to the percentage of its usage that is dedicated to your business use.</p> <p><strong>3. Home office furniture and equipment.</strong> You can also take deductions for your home office furniture and equipment designated for business use:</p> <p>• Desks, chairs, and other furniture</p> <p>• Filing cabinets</p> <p>• Computers and monitors</p> <p>• Laptops</p> <p>• Printers</p> <p>• Fax machines</p> <p>• Software you need for your business</p> <p><strong>4. Maintenance and repairs.</strong> Any maintenance and repairs strictly for your home office, such as new carpet or paint in the office s