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Question: Can i deduct bills as business expenses when operating a business from home?

(Posted by: Lizzy on 2009-09-28 12:30:58)

My husband and I operate a small business out of our home. What portion, if any, of our bills are tax deductible as business expenses? I'm talking about the mortgage, electricity, phone, etc...

Posted by: jbhonore on 2009-09-28, 12:36:18

Is it best that you talk to a CPA ( a certified public accountant) but I know that you can claim up to 40% of your home. (which means 40% of your mortgage) If you setup a separate phone and fax line you can also claim those as tax deductible expenses.