Small Business Owners May Qualify for a Home-Office Deduction

Article Highlights: Qualifications Actual Expense Method Simplified Method Home Office Expenses for Renters vs. Homeowners How Moving Affects the Home-Office Deduction Other Issues Gross Income Limitation “Home office” is a type of tax deduction that applies to the business use of a home; the space itself may not actually be an office. One of the…

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