It’s that time of year again, and the Washington Post celebrates with a great look at how, and what, you can deduct when it comes to home offices and your taxes.
The deduction for using part of your home for business purposes – popularly known as the home office deduction – used to be something scary. It was widely believed that taking the deduction would automatically land you an IRS audit. Tax advisers say that’s no longer the case, especially since there are so many businesses being run out of homes, garages and apartments. But if you don’t follow the rules and try to take too big a deduction, you could still draw the attention of IRS employees.
Check out the whole article to see if you can deduct your home office, or it not, how you can tweak it so the IRS will allow you to deduct it.
Source: Washington Post




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