The correct answer is deductible expenses
Home office expenses are those incurred as a result of running a business or performing employment-related tasks within one's home dwelling.
Within certain limits, expenses incurred in the operation of a home-based business are deducted on your federal taxes.
You may either add up all of your spending and figure the percentage of your home allocated to your business, or you can utilise a simplified approach to accomplish the same estimate.
With the Tax Cuts and Jobs Act of 2017, the regulations for deductions changed, so make sure you receive information on deductions published in 2018 or later.
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