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10 IRS Rules for the Home Office Deduction

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4 Year-End Money Tips to Lower Your Tax Bill in 2020

4 Year-End Money Tips to Lower Your Tax Bill in 2020

Many Americans don't think about their tax bills until the new year. But there are things you need to do before Dec. 31 if you want to pay less later.


Author's Note: 10 IRS Rules for the Home Office Deduction

As a self-employed person, it's pretty easy for me to claim a home office deduction because I don't have to itemize my deductions to do it; it's a business expense. But if itemizing works in your favor, by all means follow the rules and claim the deduction. It's thrilling to write off a portion of that Internet bill.

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Sources

  • Eisenberg, Richard. "Secrets of Claiming a Home-Office Deduction." Forbes. Feb. 8, 2013. (Oct. 4, 2014) http://www.forbes.com/sites/nextavenue/2013/02/08/secrets-of-claiming-a-home-office-deduction/
  • Fishman, Stephan. "The Simplified Home Office Deduction." Nolo. 2014. (Oct. 4, 2014) http://www.nolo.com/legal-encyclopedia/irs-creates-simplified-home-office-deduction.html
  • Fishman, Stephen. "The Simplified Home Office Deduction." Nolo. 2014. (Oct. 4, 2014) http://www.nolo.com/legal-encyclopedia/irs-creates-simplified-home-office-deduction.html
  • IRS. "Home Office Deduction." Oct. 1, 2014. (Oct. 4, 2014) http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Home-Office-Deduction
  • IRS. "Publication 587." 2013. (Oct. 4, 2014) http://www.irs.gov/publications/p587/index.html
  • TurboTax. "The Home Office Deduction." Intuit. 2013. (Oct. 4, 2014) https://turbotax.intuit.com/tax-tools/tax-tips/Small-Business-Taxes/The-Home-Office-Deduction/INF12067.html

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