Home-office expenses eligible for a California tax write-off can include desks and chairs, as well as a portion of your rent, utilities, homeowner’s insurance or renter’s insurance and repair and maintenance costs.
you can claim include medical expenses , real estate taxes, DMV fees, mortgage interest, charitable deductions, casualty losses from a federally declared disaster and any other miscellaneous itemized deductions.Yes, unfortunately. If you’re renting, it’s very difficult, unless you have a lot of medical expenses, charitable deductions or other unreimbursed business expenses. For instance, I have a client that’s a stockbroker.
How does this work with home-office space? Can I write off the desk and chair I bought after beginning to work from home? Yes. In order to deduct home-office expenses, you really need a dedicated space — not your kitchen table. But if you have a two-bedroom home and one bedroom is dedicated to business, you can write off a portion of your rent, utilities, homeowner’s insurance or renter’s insurance, and any repair and maintenance, on your California taxes.
Absolutely. You need the documentation to support the deduction. If it’s rent, you certainly need the rent checks. You should be sure to have utility bills as well.You should work with a qualified tax preparer, especially the first time. If you get the hang of it after working with a tax professional, you can use the prior year as an example.
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