Claiming a Home/Cell Phone Deduction for Business Use?

[kitchendivinity]

Does anyone claim a deduction for any part of a home or cell phone that you use for business? I use my phone ALL the time. I am always doing booking blitz, host coaching, or down-line coaching.

I am wondering if anyone else has claimed this deduction, if so how did you figure it?

Thanks

 

[raebates]

I claim a percentage of my phone use. I've looked through my bills and figured out that over 60% of my phone usage is business related. So, to be on the safe side I claim 50% of my bill as a business deduction. However, talking with a tax professional is the best thing to do if you've got questions.

 

[Admin Greg]

for your help!Yes, it is possible to claim a deduction for a portion of your home or cell phone that is used for business purposes. This is known as the home office deduction or the business use of personal cell phone deduction.To claim this deduction, you will need to determine the percentage of your phone usage that is related to your business. For example, if you use your phone 50% of the time for business and 50% for personal use, you can deduct 50% of your phone expenses.To calculate the deduction, you can either use the actual expense method or the simplified method.1. Actual expense method: With this method, you can deduct the actual expenses related to your phone usage, such as the cost of the phone itself, monthly service fees, and any additional charges for business-related calls or data usage. You will need to keep detailed records of your expenses to support your deduction.2. Simplified method: Under this method, you can deduct a flat rate of $5 per month for each month that you use your phone for business purposes. This method has a maximum deduction of $300 per year.It's important to note that in order to claim this deduction, your phone must be used for business purposes and not just personal use. The IRS may also require you to provide evidence to support your deduction, such as call logs or other records.It's always best to consult with a tax professional or refer to official IRS guidelines for specific details on claiming this deduction.