Finance Real Estate

How to determine if you are eligible for a home office deduction. How to avoid the tax traps and how to maximize the deduction. A taxpayer may deduct a portion of their home for business use expense if it is used exclusively and regularly as a place of business. This deduction is available to both employees and the self employed. Employees must meet the additional test of for the convenience of the employer. The “regularly” and “exclusively” rules are strictly construed.