First, to be eligible for home office deduction, the part of your home you're claiming must (1) be used regularly and exclusively for conducting business, and (2) be your principal place of business. So if it satisfies those requirements, you can then choose between the "simplified method" and the "regular method." The simplified method gives you a standard deduction of $5 per square foot of dedicated office space. With the regular method, you divide your office space into your total home space and come up with a pro-rated percentage. This percentage can then be applied to your utility costs, property taxes, depreciation on the home (if you want to claim), and so on. Check out these two IRS links for more info:
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