Tag Archives: home office deduction

Should You Claim the Home Office Deduction?

It can reduce your income tax obligation, but be sure you understand the IRS’s rules. One of the many ways the internet has changed business over the last two decades is the increasing numbers of part-time entrepreneurs.  Simple do-it-yourself website … read more

Advice on Claiming Your Home Office Tax Deduction

Note: This post was originally posted on Treasury’s blog and jointly authored by Treasury Deputy Secretary Neal S. Wolin and SBA Administrator Karen G. Mills. Today, many taxpayers who qualify for the home office tax deduction are not claiming it.  … read more