Do You Qualify For Home-Based Tax Deductions?
New changes in the tax laws have made it easier than ever to claim Home Office
Deductions and keep more of what you earn.
If your home is a place of business, many of your personal expenses can be
deducted as business expenses resulting in lower taxes.
You may be thinking, "I have an Accountant/CPA/Tax Preparer/Tax Software who
knows all about tax deductions so I don't have to know anything about them."
There are several reasons why that thinking could be costing you thousands of
tax dollars. Some of those reasons are:
Most Accountants/CPA's/Tax Preparers do not "specialize" in Home-Based
Businesses and do not keep up with the ever-changing laws pertaining to them.
You are ultimately responsible for knowing what you can and cannot deduct as
business expenses. Why? YOU are accountable to the IRS for your deductions,
not the tax preparer.
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