Home Office Expense

Business, Legal & Accounting Glossary

Definition: Home Office Expense


Home Office Expense


Full Definition of Home Office Expense


An expense that the IRS considers deductible for the use of a portion of residential housing used as office space. This is typically calculated based on the percentage of the square footage of the house used for operating the business and the hours per year the space is used or made available for business purposes. Examples of deductible expenses include repairs and upgrades, utilities, homeowners insurance, mortgage interest, and property taxes.


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Modern Language Association (MLA):
Home Office Expense. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 20, 2024 https://payrollheaven.com/define/home-office-expense/.
Chicago Manual of Style (CMS):
Home Office Expense. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/home-office-expense/ (accessed: April 20, 2024).
American Psychological Association (APA):
Home Office Expense. PayrollHeaven.com. Retrieved April 20, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/home-office-expense/

Definition Sources


Definitions for Home Office Expense are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.