June 21, 2018

How To Qualify For The Home Office Deduction

The technological revolution has given rise to the personal computer, the internet, email, file sharing and video conferencing.  Put all these together and you have the makings of a home office.  Not only is this arrangement much more convenient for workers, it also allows many of them to take the tax deduction for the use of their homes as well. However, not all employees are able to write off their home-office expenses.  This list will give you 4 tests that you must pass before you can deduct your home-office expenses.   Is the space used only for business?  Is the…

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