Home Office deduction
I have an S Corp, Home Health Care business. I have a home office that occupies 57% of my home. What percentage of household utility bills can be a business expense
Quick Answer:
If your home office occupies 57% of your home and meets the requirements for a home office deduction, then 57% of your household utility bills can typically be included as a business expense.
This percentage generally applies to other indirect home expenses as well, such as mortgage interest, property taxes, home insurance, and depreciation. To qualify, the space must be used exclusively and regularly for your business, and it must be your principal place of business, a place to meet clients, or a separate structure. For an S corporation, these expenses are typically reimbursed to the shareholder-employee through an accountable plan.
Note: This answer is provided for convenience only. It is important that you speak to a CPA about your individual tax situation.
