SOLUTION: Taxpayers with an office in their home may deduct a percentage of their home related expenses. This percentage is based on the ratio of the office's area to the area of the home. A
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Question 1162632: Taxpayers with an office in their home may deduct a percentage of their home related expenses. This percentage is based on the ratio of the office's area to the area of the home. A taxpayer with a 2400 sq foot home maintains a 30 foot by 17 foot office. If the yearly electricity bills for the home come to 4800.00, how much of this is deductible? Answer by Boreal(15235) (Show Source):
You can put this solution on YOUR website! 30*17=510 ft^2 office
thesis 510/2400 or 0.2125 area
multiply that by $4800 to get $1020 deductible.
