Lower Your Taxes - BIG TIME! 2023-2024: Small Business Wealth Building and Tax Reduction Secrets from an IRS Insider, 9th Edition

6

Home Office: The Misunderstood Key to Saving $15,000 Every Five Years

Tax reform is taking the taxes off things that have been taxed in the past and putting taxes on things that haven’t been taxed before.

—Art Buchwald

Chapter Overview

This will be one of the best and most comprehensive chapters on this subject that you’ll ever read. I’ll be covering the following:

•   Learn why it’s worth taking a home office deduction.

•   Learn how to qualify for a home office deduction using your home as a principal residence.

•   Learn how to qualify for the home office deduction by using the “meet and greet” test.

•   Learn how to qualify for the home office deduction by having a separate structure apart from the home as an office.

•   Learn how to ...