Instructions for IRS Form 8829 Expenses for Business Use of Your Home

IRS Form 8829 Expenses for Business Use of Your Home

This document contains official instructions for IRS Form 8829 , Expenses for Business Use of Your Home - a tax form released and collected by the Internal Revenue Service (IRS), a subdivision of the U.S. Department of the Treasury. An up-to-date fillable IRS Form 8829 is available for download through this link.

FAQ

Q: What is IRS Form 8829?A: IRS Form 8829 is a form used to report expenses for the business use of your home.

Q: Who should use IRS Form 8829?A: Self-employed individuals or employees who work from home may need to use IRS Form 8829.

Q: What expenses can be claimed on IRS Form 8829?A: Expenses related to the business use of your home, such as mortgage interest, insurance, utilities, and repairs, can be claimed on IRS Form 8829.

Q: How do I calculate the deductible expenses on IRS Form 8829?A: To calculate the deductible expenses on IRS Form 8829, you will need to determine the percentage of your home used for business purposes and apply that percentage to your total eligible expenses.

Q: Can I claim expenses for a home office that is not my primary place of business?A: Yes, as long as the home office is used regularly and exclusively for your business, you can claim expenses for a home office that is not your primary place of business.

Q: When is the deadline to file IRS Form 8829?A: IRS Form 8829 is generally included as part of your annual tax return, so the deadline to file it is the same as the deadline for filing your tax return.

Q: Are there any limitations or restrictions on claiming expenses on IRS Form 8829?A: Yes, there are certain limitations and restrictions on claiming expenses on IRS Form 8829. For example, the deduction for home office expenses cannot exceed the income from your business.

Q: Do I need to keep records to support my expenses claimed on IRS Form 8829?A: Yes, you should keep records to support your expenses claimed on IRS Form 8829, such as receipts, invoices, and utility bills, in case of an audit by the IRS.

Q: Can I claim expenses for a rented home or apartment on IRS Form 8829?A: Yes, you can claim expenses for a rented home or apartment on IRS Form 8829, as long as you meet the requirements for business use of your home.