home office<\/a> exclusively for your work. If you set up your desk in a guest bedroom, you can’t deduct these expenses because you also use the room for guests from time to time.<\/p>\n\n\n\nOffice Supplies<\/h2>\n\n\n\n
Any office supplies or work items you buy exclusively for business purposes are deductible.<\/p>\n\n\n\n
This can include things like printer paper, pens, pencils, notebooks, computers, copiers, printers, and more. Even larger items, such as a new office chair or desk, can be deducted from your self-employment taxes.<\/p>\n\n\n\n
You can also deduct the expenses of other equipment you need for your business. For example, if you run a sock company, you can deduct the cost of material, thread, dye, and anything else you have to buy.<\/p>\n\n\n\n
Internet\/ Phone Bills<\/h2>\n\n\n\n
Since you work from your home, you can deduct some of your internet and phone expenses from your taxes.<\/p>\n\n\n\n
But again, it comes down to a percentage.<\/p>\n\n\n\n
If you use your phone to call your mother or your friends, you can’t deduct the entire monthly bill. You can only deduct the percentage you use for business purposes.<\/p>\n\n\n\n
The same applies to your internet usage as well.<\/p>\n\n\n