A common tax-related question is whether an employee working remotely from home qualifies for a home office tax deduction. The answer is “no.” But business owners, self-employed individuals and people with home-based side gigs may qualify. To be eligible, generally you must use part of your home regularly and exclusively as your principal place of business or a place to meet with customers, clients or patients in the normal course of business. Typically, the business use percentage is determined by the home office’s square footage, but other methods exist. Contact us with questions regarding the home office tax deduction. Visit https://bit.ly/4vXbaZ4 for additional information from the IRS.
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