Many of the self-employed and small business owners I speak to are often confused about qualifying for home office tax deductions.   In this Wealthy CEO Accelerator podcast episode, we will go over what you need to know and claim accurate deductions without needing an IRS auditor coming to visit your home.  KEY TAKEAWAYS:  ✔️  To claim the home office tax deduction, ensure that your space is 100 percent used for your business. The IRS requires that such a portion of your home serves as the primary place where you do administrative or management activities. ✔️ The IRS says that for a home office to be deductible, it is used a few hours a day and at least at a minimum once a week - used "exclusively" and "consistently" for your business.  ✔️You could have a TV there if you're using it for coaching or marketing purposes. But if you're having your kids watch TV and things like that, the IRS will surely disallow your expenses.  ✔️Calculate the business percentage of your house by measuring the square footage intended for your home office space as a percentage of the total area. ✔️Home Office deduction rules vary based on your specific entity. There are different rules based on the entity that you are. ✔️ Expenses for a second location are also deductible. For example, e-commerce sellers have a warehouse where they do ordering, inventory, and recordkeeping or doctors and lawyers that meet clients and patients in a separate office/clinic. ✔️ Look up online IRS Publication 587 (Business Use of Your Home) to check specific rules and requirements.  ✔️ Make sure that you're doing what you can to legally deduct everything possible. So many clients are overpaying taxes and giving a free donation to the government. Only because they don't have proper accountants and raise red flags with the IRS. We at Empire Tax Professionals look at things at a whole different level. We bring no-nonsense and straightforward money-saving strategies to help you grow your business like it's ours.  PM us for a free consultation with our tax experts.