Home Office Deduction

Thank you to Past President Susan M. Martin, CPA for forwarding this great information regarding the Home Office Deduction!

Susan writes, “This deduction has been around for quite some time and can be a very useful tool for tax planning purposes. Its application has become muddled over the years, no more so than now, when so many individuals are working from home. The following link will provide you with a simple but comprehensive explanation of the do’s and dont’s of a Home Office Deduction.” https://www.irs.gov/newsroom/heres-what-taxpayers-need-to-know-about-the-home-office-deduction