{"id":1703,"date":"2019-06-10T13:07:39","date_gmt":"2019-06-10T20:07:39","guid":{"rendered":"https:\/\/blog.turbotax.intuit.com\/es\/?p=1703"},"modified":"2019-06-10T13:07:39","modified_gmt":"2019-06-10T20:07:39","slug":"five-rules-to-deduct-your-home-office","status":"publish","type":"post","link":"https:\/\/blog.turbotax.intuit.com\/es\/uncategorized\/five-rules-to-deduct-your-home-office-1703\/","title":{"rendered":"Five Rules to Deduct Your Home Office"},"content":{"rendered":"
Starting and running your business from home can bring\u00a0tremendous\u00a0benefits besides the pay. Without a long commute, you can have more time for family and since you probably have lower expenses (no rent and utilities for an off-site office space), you have a few more options with the money saved.<\/div>\n
<\/div>\n
Although it can\u00a0be financially beneficial\u00a0to have\u00a0a home office, there are\u00a0still costs associated with it, so minimizing your taxes can be a huge help. However in\u00a0order to minimize your taxes be sure you take all the home office deductions<\/a> you qualify for.<\/div>\n

Five Rules to Keep In Mind with Home Office Deductions<\/h3>\n
Here are five things to keep in mind as you work at home:<\/div>\n
    \n
  1. You’re entitled to deduct ordinary and necessary expenses, as long as they are related to the business. Make sure to keep\u00a0good records, keep all your receipts, and it is useful to set up a regular time each week or month to review your expenses.\u00a0The key here is making sure that you can clearly justify them as business expenses. QuickBooks Self-Employed<\/a> can help you easily track and categorize your tax deductible business expenses year round so you are ready for tax-time.<\/li>\n
  2. If you want to deduct your home office space make sure it meets the requirement – it’s a\u00a0space\u00a0that is\u00a0exclusively and regularly used for your business. (Exception applies with home day cares)<\/li>\n
  3. If your home office is 10% of your home’s total square footage, you can deduct 10% of your home bills such as\u00a0utilities, mortgage or rent expense, home owners insurance, and general\u00a0maintenance.\u00a0Be aware of your both your home and home office size, as your home office deduction is based on the portion of your home you use for business.<\/li>\n
  4. Record deductions\u00a0for both direct expenses (like an exclusive business line or repairing the office) and indirect expenses (like those mentioned in tip #3 along with\u00a0homeowners association fees and security system) that you incur each year.<\/li>\n
  5. You can also take advantage of the newer simplified home office deduction up to $1,500, which is the set dollar amount of $5 per square foot of your home used for your business up to 300 square feet.\u00a0As I mentioned in the second tip, you will still have to make sure your space qualifies.<\/li>\n<\/ol>\n
    With careful records, you can run your business and maximize your qualifying tax deductions.\u00a0 Don’t worry about knowing these tax rules, TurboTax <\/a>will ask you simple questions about you and your business and give you the tax deductions you are eligible for based on your answers.\u00a0 QuickBooks Self-Employed will also help you easily track and categorize your business expenses so you are ready for tax-time.<\/div>\n

    Thoughts on Home Office Deductions<\/h3>\n
    I’d love to know how many of you are business owners and\u00a0entrepreneurs and any questions you have.\u00a0How many of you are running a business from home? Are you taking full\u00a0advantage\u00a0of your qualifying tax deductions?<\/div>\n","protected":false},"excerpt":{"rendered":"

    Starting and running your business from home can bring\u00a0tremendous\u00a0benefits besides the pay. Without a long commute, you can have more time for family and since you probably have lower expenses (no rent and utilities for an off-site office space), you have a few more options with the money saved. Although it can\u00a0be financially beneficial\u00a0to have\u00a0a<\/p>\n","protected":false},"author":24996389,"featured_media":1704,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rkv_browse_by_id":0,"rkv_cta_id":0,"rkv_optimize_for_pagespeed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"useModifiedDate":false,"customPublishDate":"","rkv_show_reading_progress":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false},"categories":[1],"tags":[],"intuit_collection":[],"intuit_series":[],"tt_tax_year":[],"coauthors":[],"class_list":["post-1703","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"\nFive Rules to Deduct Your Home Office - TurboTax Blog Espa\u00f1ol<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blog.turbotax.intuit.com\/es\/uncategorized\/five-rules-to-deduct-your-home-office-1703\/\" \/>\n<meta property=\"og:locale\" content=\"es_ES\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Five Rules to Deduct Your Home Office - TurboTax Blog Espa\u00f1ol\" \/>\n<meta property=\"og:description\" content=\"Starting and running your business from home can bring\u00a0tremendous\u00a0benefits besides the pay. 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