Tax Deductions for Your Home Office

With tax season upon us, its time to start looking for every deduction you can find. If you run your own small business out of your home, you may be able to deduct part of your rent or mortage payments.

In order to determine if you are eligible you need to understand 3 terms: 'exclusive', 'regular', and 'principal'.

This article from CNNMoney explains more...

http://money.cnn.com/2006/02/07/pf/taxes/home_office_deductions/index.htm