If you use your home for business, you may be able to deduct expenses for the business use of your home whether you rent or own your home. There are two methods that can be used to claim the home office deduction. If you use the simplified option just multiply the allowable square footage of your office by a rate of $5. The maximum footage allowed is 300 square feet. If you use the regular option, actual expenses must be calculated based on the percentage of your home devoted to business. These expenses may include mortgage interest, insurance, utilities, repairs, and
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