This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams.

In this episode you will learn:

- The Home Office Deduction requires passing both the "regular use" and strict "exclusive use" tests.

- To qualify, the home office must be the principal place of business, a location for meeting clients, or a separate, unattached structure.

- The exclusive use test is waived for licensed daycare providers and for the regular use of a space for storing inventory or product samples.

- Under §280A, the deduction is limited by the gross income from the business and cannot create or increase a net loss.

- Any disallowed home office deduction due to income limitations can be carried forward to subsequent tax years.