What is Home Office Deduction?
The home office deduction lets self-employed people write off the part of their home used regularly and exclusively for business.
How it works
You can use the simplified method — $5 per square foot up to 300 square feet — or the actual-expense method, deducting a percentage of rent, utilities, insurance, and depreciation based on the office's share of your home. "Exclusive use" is the key: the space has to be business-only.
A quick example
What people get wrong
This deduction is for the self-employed — W-2 employees generally can't claim it, even when working from home. And "exclusive use" really means exclusive: a kitchen table doesn't qualify.