Charles is a self employed CPA who maintains a qualifying office in his home. Charles has $110,000 gross income from his practice and incurs $88,000 in salaries, supplies, computer services, etc. Charles's mortgage interest and real estate taxes allocable to the office total $10,000. Other expenses total $14,000 and consist of depreciation, utilities, insurance, and maintenance. What is Charles' total home office expense deduction?

$22,000

Explanation:

Home office expense are all those allowable deduction which was incurred to the work at home. it includes home office running expense, utility expenses and occupancy expenses.

Home Office expense is the difference of gross income and Salaries, Supplies and computer services expenses etc. Home office expense is $22,000 ( $110,000 - $88,000 ).

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