Can I take the Home Office Deduction?

Chances are, if you are asking this question, you probably don’t qualify to take the “Home Office Deduction.” Income Tax Deduction: Business Use of Your Home The deduction for the business use of your home, commonly referred to as the “Home Office Deduction,” has long been thought to be one of the biggest triggers for an audit from the IRS. Much debate and many statistician hours have been devoted to determining whether this is in fact on the IRS’ “list” … Continued