Another Worthwhile Look At The Home Office Deduction

March 7th, 2019 at 6:46 AM

When possible, you want to claim that your office in your home qualifies as a principal place of business, because this classificatio

Current law gives you two ways to claim your office in the home as a principal office: 

Question for you: If you have an office downtown where you spend 40 hours a week, can you claim that you have an office in your home that qualifies as a principal office if you spend only 12 hours a week working in the home office? If you said no, you are not alone. But you would also be wrong. 

With the administrative or management rule, you can have your principal office in your home with 12 hours of work even when you work at your other office for 40 hours.


Are you overpaying your taxes?
Let's Talk