Yes, it is! Business owners that rent a building, office space, warehouse, or another type of business property may be able to deduct rental expenses if your space meets eligibility standards.
Percentage deductible: 100%
Eligibility: The property must be used for business purposes in order to be written off.
Example deductions:
Rent paid on business property
Rent paid on a business parking garage
Rent paid on an office space
Special considerations: The IRS claims that if you have or will eventually receive equity in or title to the property in question, rent expenses will not be considered deductible. If you use a home office, you may be eligible to write off a portion of the cost. This expense must be recorded under the home office deduction.
Check out the link below for a list of other tax deductions you can claim this tax season!