Home Office Deductions Explained

Up to 60% of those that work at home do not take a home office deduction on their taxes out of fear it’d trigger an IRS audit. Yikes! The IRS changed some of the laws for the home-office deduction offering a simple blanket sort of deduction of up to $1500 or you can still use the more complicated method which, it turns out, could save you even more.

The Wall Street Journal had a good article explaining a bit more on the two options. If you are a small business owner working from home, what option are you choosing this year?

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