Expenses for your home based business can include:

Mortgage interest, real estate taxes, or rent, electric, gas, oil, water, sewer, internet, repairs, maintenance, insurance - plus any specific home office riders, depreciation - but all are limited to percentage of usage. Or, you can opt to use the new simplified home office deduction method.  With so many home based businesses, you won't want to overlook these important deductions - IF they are applicable to your situation.

Lester Bahr, CPA