Included below is the information needed about claiming home expenses. Please see our TurboTax FAQ/video for directions:How do I claim home office expenses?
If you're fully self-employed and working from home (or an employee who works from home at the request of your employer), there are a number of credits and deductions you may be eligible for.
Before you start the process of claiming these amounts, you first need to determine whether you're claiming employment or business-use-of-home expenses.
Which category of employment am I, and what forms do I need?
If you'reself-employed, record your business-use-of-home expenses on FormT2125
If you're anemployeeworking from home, record your home expenses on FormT2200
If you're asalaried or commissioned employee, record your home expenses on FormT777
If you're atransportation or trucking employee, record your business expenses on FormTL2
Do I qualify to claim home office expenses?
To qualify for business-use-of-home expenses, you must:
Use your home workspace only to earn business income,or
Use it on a regular and ongoing basis to meet your clients, customers, or patients
Youcan'thave another office at a second location and claim home workspace expenses
How do I calculate home office expenses?
The easiest way to figure out your claimable home expenses is to determine the amount of space you used for business purposes. For example, if you live in a four-bedroom house and used one of those bedrooms as a home office, you're then eligible to claim 25% of your total property expenses for business purposes.
Everything from water to gas to snow removal and cleaning costs may be claimed, but make sure tokeep copies of all receiptsto support your claims.