**5 Common Deductible Expenses for a Home-Based Business**

1. **Home Office Deduction**
This includes a portion of rent or mortgage interest, property taxes, utilities, and insurance, calculated based on the percentage of your home used exclusively for business.

2. **Office Supplies and Equipment**
Expenses for items like stationery, printers, and computers used for business purposes can be deducted. Larger equipment may be depreciated over time.

3. **Internet and Phone Expenses**
A portion of internet and phone bills directly related to business use can be claimed. Only the percentage of use for business activities is deductible.

4. **Business Travel Expenses**
Travel-related costs such as transportation, lodging, and meals for business purposes can be deducted, provided they are necessary and documented.

5. **Marketing and Advertising Costs**
Expenses for promoting the business, such as website costs, advertising, and promotional materials, qualify as deductible.

If you need guidance on documenting these expenses or maximizing deductions, feel free to reach out.