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Home Office Productivity |
Home Office Ergonomics
Home Office Tax Deductions |
Childproof Home Office
Yes, taking a home office deduction sounds like a great idea, but remember there is a downside too. If you deduct your home office, your office may be considered business property. This means that you will need to pay taxes on the amount the business depreciated when you sell your house. Because of this, a home office deduction might not be profitable for you. You might save a few hundred dollars every year with the home office deduction, but have to pay thousands of dollars when you sell the house. Because of this, I recommend visiting a tax accountant before deducting a home office.
Another reason not to take the home office deduction is because the IRS might decide to audit your business when they see your home office deduction. Taking this deduction is like throwing a red flag in front of the IRS, so it is up to you whether you want to take the risk and deduct your home office.
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