Home Office Expenses
If you work in your home, you may be able to deduct part of your home expenses which would save you income tax. But, like everything else when it comes to income tax, there are special rules you must follow and these tax rules differ depending on whether you are self-employed or an employee.
If You are Self-Employed
If you are self-employed, home office expenses must relate to work space that is either your principal place of business or used exclusively for the purpose of earning income from your business. In order for the second criterion to apply, the space […]