The tax law permits you to deduct home office expenses if you “regularly and exclusively” use an area of your home as either:
-Your principal place of business.
-A place to meet or deal with clients, customers or patients in the normal course of business.
These restrictions mean that no personal activities can be conducted from a deductible home office. If you qualify to take write-offs, you can deduct a proportionate share of expenses including mortgage interest, depreciation deductions, utilities, insurance, security systems and repairs. (more…)