For cash-strapped startups, working from home allows small business owners to launch their entrepreneurial venture without requiring the upfront capital needed for office space and overhead costs.
While this path can pose challenges, there are financial incentives, including the opportunity to qualify for benefits like the home office tax deduction. Our guide breaks down the ins and outs of the home office tax deduction, including who is eligible and how to calculate your home-based business tax break.
[Read more from the U.S. Chamber of Commerce: Navigating the New Tax Law: What Small Businesses Need to Know]
What is the home office tax deduction, and who qualifies?
The home office deduction offers tax breaks to eligible workers with a dedicated home office…
