The home office deduction has the potential to be a wonderful money-saving option for business owners operating from an office in their house, apartment, or other residence, but you have to first make certain you qualify for it. The IRS is quite specific about which businesses meet the requirements, so it pays to fully understand the ins and outs of this deduction. If you do qualify, you will want to organize your receipts and follow the IRS rules to maximize your savings. As with all tax matters, consult with your tax adviser to make your final decisions.
