If you work from home, you may wonder if your workspace qualifies for a home office tax deduction. To qualify for the deduction, there are specific requirements you must meet. For example, if you’re an employee and your employer requires you to work remotely, your home office currently doesn’t qualify. If you’re self-employed, to qualify, a portion of the home must be used regularly and exclusively to conduct business. Also, the home must be the taxpayer’s principal place of business. There are two methods for determining the value of a home office tax deduction: the simplified method and the actual expenses method. Contact us for additional information or visit: https://bit.ly/4fuGfKF
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