Do you qualify for a home office tax deduction?

During the pandemic, many people shifted to a “work from home” scenario. Expect more IRS scrutiny in the coming year as it relates to the home office deduction. There are 2 methods to account for this deduction, but you must be able to prove that 1) it is your principal place of your business and 2) you regularly use this part of your home exclusively for conducting business. Deductions that are not in line with your business model, could trigger a tax audit. Contact us for a consultation #gmacericpa @gmacericpa

http://www.maceriaccounting.com