Tax Deductions for Home-Based Businesses:
What You Can Claim
Running a business from home comes with several financial benefits—one of the biggest being the tax deductions available to reduce your taxable income. Whether you’re a sole proprietor, freelancer, or small business owner, understanding what deductions you can legally claim is essential for maximizing your tax savings.
Below are some of the most common and valuable deductions for home-based businesses in the U.S.
- Home Office Deduction
- Utilities and Services
- Phone Expenses
- Office Supplies and Equipment
- Depreciation
- Rent or Mortgage Interest
- Insurance
- Repairs and Maintenance
- Business Use of Your Car
- Professional Services and Fees
- Marketing and Advertising
- Education and Training