DO YOU RUN YOUR BUSINESS FROM HOME? YOU MIGHT BE ELIGIBLE FOR HOME OFFICE DEDUCTIONS If you’re self-employed and work out of an office in your home, you may be entitled to home office deductions. However, you must satisfy strict rules. If you qualify, you can deduct...
Innovative Strategies For Winning Tax Controversies, Business Structuring And Estate Planning
home office deduction
Home Office Deduction
TAKE A CLOSER LOOK AT HOME OFFICE DEDUCTIONS Working from home has its perks. Not only can you skip the commute, but you also might be eligible to deduct home office expenses on your tax return. Deductions for these expenses can save you a bundle if you meet the tax...
Home Office Deduction – tax choices
THE HOME OFFICE DEDUCTION: ACTUAL EXPENSES VS. THE SIMPLIFIED METHOD If you run your business from your home or perform certain functions at home that are related to your business, you might be able to claim a home office deduction against your business income on your...
Home Office Deduction after Tax Reform
DO YOU QUALIFY FOR THE HOME OFFICE DEDUCTION? Under the Tax Cuts and Jobs Act, employees can no longer claim the home office deduction. If, however, you run a business from your home or are otherwise self-employed and use part of your home for business purposes, the...
