Questions & Answers

Can I deduct the rent I pay for my home?

If you rent rather than own your home, the rent can be deducted as an indirect expense.
In order to deduct your rent, one of the following must apply:

  • You use part of your home exclusively and regularly as your principal place of business, as a place to meet or deal with patients, clients or customers in the normal course of your business, or in connection with your trade or business where there is a separate structure not attached to the home.
  • You use part of your home on a regular basis for certain storage use such as inventory or product samples, as rental property, or as a home daycare facility.
If your housing is provided free of charge and the value of the housing is tax exempt, you can't deduct the rental value of any portion of the housing.

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