The home office deduction is one of the most well-known tax deductions, but it is also one of the most misunderstood.

In this episode, we’re breaking down who actually qualifies for the home office deduction, how it is calculated, and why so many business owners either miss it completely or claim it incorrectly.

Tune in to hear:

• The commonly missed deduction many business owners overlook
• Why working from home does not automatically mean you qualify
• What “regularly and exclusively” really means
• The difference between a dedicated home office and a shared household space
• How the home office deduction is calculated using square footage
• Which home expenses may be partially deductible
• Why W2 employees typically do not qualify for this deduction
• What happens when a home office is used mostly for employee work instead of business work
• A real audit example that shows why the details matter
• Why the home office deduction is legitimate when used correctly
• How this deduction can help business owners avoid overpaying in taxes
• Why you should discuss your home office setup with your CPA

Connect with Andrea & Emily:

• Book a Free Assessment: Text "Tax" to +1 (951) 618-4015
• 5 Cash Leaks and 5 Tax Deductions Draining Your Business: https://www.thorneadvisors.com/cashleaks
• Website: https://www.thorneadvisors.com/ 
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