Tax Myth #12 - Home Office Deduction

I use my home for business, so can I write it off?

Maybe. First, you must be self employed. It cannot be deducted as an employee business expense. Second, you must meet or deal with customers or vendors in the regular course of business. And Third, you must use a part of the home exclusively for business.

While this deduction is available, the IRS realizes that it is often misused and will increase the risk of audit by its inclusion. But if you qualify, you can save some bucks taking advantage of it.

As always, please call (949) 683-8111 or email us at info@southcountycpa.com if you have any questions. We are here to help.