If you own your own business or regularly use a part of your home for business, you have most likely heard about Tax Form 8829. This is known as the “Expenses for Business Use of Your Home” form which is used to calculate the expenses related to the business use of the home. In layman’s terms, this is the calculation to claim a home office deduction. Right up front, we are going to acknowledge that we are not tax experts, and it's important to consult with a tax professional or refer to the IRS instructions for Form 8829 to ensure you meet all the requirements and accurately calculate your deductions.

The home office deduction has specific requirements, such as the area used for business must be used regularly and exclusively for business purposes. Additionally, the deduction is limited to the business income you generate.

This home office deduction makes a Boxx backyard office studio a compelling work-from-home solution, provided that your use case meets the requirements set by the IRS. Specifically, the backyard office studio must be used regularly and exclusively for your business. So if you use this space partially as a She Shed for a hobby and partially as a workspace, you should check with your personal tax professional!

If the Boxx backyard office studio is your principal place of business, and by that, it s the primary location where you handle administrative, management, sales, or marketing activities related to your business, then you should also check with your tax professional to see what deductions are available to you.

For more information, here is the Internal Revenue Service link to the explanatory materials and Tax Form 8829:

About Form 8829, Expenses for Business Use of Your Home