What Home Office Deductions Can I Take on my Income Taxes?
There are a lot of IRS rules regarding home office deductions but navigating them successfully can pay off for the telecommuter or home business owner with a home office. When you look at your office it may appear full of home office deductions–equipment, furniture, shelving, etc.–all of which cost you a pretty penny. And so if you qualify for a home office deduction, you are eager to deduct it all. But hold on! When figuring home office deductions, the IRS separates out those less permanent features from the space itself. Furniture and equipment are deducted on a Schedule C. To deduct the use of part of your home as a business expense, use IRS Form 8829. But before you break out the forms, consider first whether
