View Can You Claim Office Furniture On Tax PNG. Can you take the home office tax deduction? If you use part of your home for business, you may be able to deduct expenses for the business use of your home.
The 52 cents method is where you claim 52 cents for every hour worked at home to cover the costs of electricity, gas and home office furniture, and then add in separately the costs you have incurred for phone calls, internet, stationery.
Now that you know how to claim the home office deduction, you'll be saving some serious dough on your taxes for years to come. Furniture and other office equipment that you purchase to facilitate working from home are claimable on your income tax return. You can also claim depreciation on any furniture or fittings. Depreciation sounds confusing, but it simply entails claiming a deduction over a period of years instead of all at once.