7 Things to Know Before Deducting a Home Office

Happy man working in home office on laptop
Photo by Branislav Nenin / Shutterstock.com

This story originally appeared on The Penny Hoarder. If you’re one of the millions of workers whose home is now doubling as office space due to the COVID-19 pandemic, you may be wondering whether that means a sweet deduction at tax time. Hold up, though: The IRS has strict rules about taking the home office deduction — and they changed drastically under the Tax Cuts and Jobs Act…

Original Article Posted at : https://www.moneytalksnews.com/slideshows/7-things-to-know-before-deducting-a-home-office/