Many people who received buyouts and severance packages last year used the money to start home-based businesses. Now, they'll want to take tax deductions for their home offices. The deduction for ...

Taxpayers tend to shy away from taking the home office deduction, assuming that they will be targeted for increased scrutiny from the IRS. That is certainly possible, especially if your deductions are ...

Most employees aren’t eligible for the home office deduction, but you may qualify as a contractor or with a side business. To claim the tax break, your workspace must be the main place for your ...

(NEXSTAR) – Now that you’re working from home, you might be wondering which home-office deductions you can legally claim on your 2022 tax returns. Well, we’ve got some bad news: Most employees working ...

Whether you are self-employed or an employee, if you use a portion of your home for business, you may be able to take a home office deduction. Here are six things the IRS wants you to know about the ...

Taxpayers tend to shy away from taking the home office deduction, assuming that they will be targeted for increased scrutiny from the IRS. That is certainly possible, especially if your deductions are ...