Tag: self-employed tax tips

  • Should I Claim a Home Office Deduction?

    Should I Claim a Home Office Deduction?

    Some taxpayers can claim a break for the expenses involved with their home offices. Eligible taxpayers use their home office space “regularly and exclusively” for the purpose of their businesses, according to the Internal Revenue Service. This is the case for both deed holders and renters. Although the deductible amount is limited, it’s worth knowing…