For tax year 2021, the rate for the simplified square footage calculation is $5 per square foot, with a maximum of 300 square feet.Generally, your home office must be either the principal location of your business or a place where you regularly meet with customers or clients, and you usually must use the area exclusively for your business.a home can include a house, apartment, condominium, mobile home, boat or similar structure. You may qualify for the home office deduction if you use a portion of your home for your business on a regular basis.
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