Is There A Tax Break On My Home Office?

By in
51
Is There A Tax Break On My Home Office?

The McGruder Group CPAs take a proactive approach to helping our clients. We
keep track of important questions, and share our insights.

Our clients have been working from home for months, and they want to know if
they can take a deduction for their home office. Business Insider recently
published an article reviewing the basics. After the latest major tax reform,
business owners may be able to take a deduction, but employees cannot.

What happens to the business owner who takes a salary? Great question. The answer
is that they are out of luck for their personal income taxes, but there may
be a workaround through the business. Do you think you might be missing a
tax planning opportunity with your home office? Contact us to discuss your situation.