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As a vlogger using your spare bedroom as a studio, you may be able to write off a portion of your home expenses for that space if you qualify for the home office deduction. To qualify, the space must be used exclusively and regularly for business, and it must be the principal place of your business. You have two options for calculating the home office deduction: the simplified method or the actual expense method. 1. Simplified Method: With this method, you multiply the square footage of your home office (up to a maximum of 300 square feet) by the IRS-prescribed rate ($5 per square foot for the 2022 tax year). For example, if your spare bedroom is 200 square feet, you can deduct $1,000 (200 square feet x $5) using the simplified method. 2. Actual Expense Method: You'll need to calculate the percentage of your home dedicated to your home office (divide the square footage of your home office by the total square footage of your home). You can then apply this percentage to your actual home expenses, such as mortgage interest, property taxes, utilities, repairs, and insurance. For example, if your home office occupies 15% of your home and your eligible expenses are $10,000, then you can deduct $1,500 (15% x $10,000). It's important to carefully track expenses and maintain good records to substantiate your home office deduction when using either method.