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Home Office Deductions

Running a home office means that you may be entitled to deductions above and beyond the typical business deductions. The advantage of a home office deduction, if you qualify, is that you can deduct part or all of your home that you use for business.

Unfortunately, some people make the assumption that if they have a home office or even if they work from home, they can create all kinds of tax deductions. That was true for a long time until the IRS got wise to it. People got greedy and abused the home office deduction by reporting everything from dog food to posh vacations to cosmetic surgery. There are those still pushing the envelope and they need to be careful. Sooner or later, the IRS becomes curious and starts snooping.


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