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As a freelancer working from home, you may be able to deduct a portion of your home office expenses. This is known as the home office deduction. To qualify for this deduction, you must meet the following requirements: 1. Regular and exclusive use: Your home office must be exclusively and regularly used for your business. This means you can't use the space for personal activities, and it should be a separate area in your home designated for work. 2. Principal place of business: Your home office must be your primary place of business, where you handle the majority of your work tasks or meet with clients. If you meet these criteria, you can choose between two methods to calculate your home office deduction: 1. Simplified method: The IRS allows you to deduct $5 per square foot of your home office space, up to a maximum of 300 square feet. This means you can deduct up to $1,500 per year using this method. 2. Regular method: With this method, you'll need to calculate the actual expenses associated with your home office. This includes a percentage of your rent or mortgage interest, property taxes, utilities, repairs, maintenance, and other related costs. You'll need to determine the percentage of your home used for business purposes and apply this percentage to your expenses. Keep in mind that other deductible business expenses, such as office supplies or equipment, can also be claimed. Keep in mind that tax laws and deductions are subject to change. Always consult the latest IRS guidelines or a tax professional to ensure you claim the correct amounts.